Computer Sciences Corporation (NYSE: CSC), a global leader in IT services and solutions, is to acquire Fixnetix, a London, UK-based provider of front-office managed trading solutions in capital markets.
The terms of the deal, which is subject to customary conditions, were not disclosed.
The acquisition will enable CSC to offer capital market clients an expanded range of as-a-service front office capabilities and will strengthen its ability to address client demand for increased efficiency and innovation in trading, market data, hosting, infrastructure, connectivity and risk management.
Led by Hugh Hughes, CEO and chairman, Fixnetix provides front-office management and trading systems operations, market information systems and related technology infrastructure to global banks, hedge funds and proprietary trading groups seeking trading, market data, hosting, infrastructure, connectivity and risk management solutions.
The company, which also has operations in New York, Boston, Chicago and Tokyo, was backed by venture capital firm Delta Partners.