OTC equity derivatives workflow vendor VECTALIS has announced its acquisition of BrokerHub, a fellow financial technology company. By unifying their forces after years of competition, the two firms aim to provide crucial services to market participants, encompassing price dissemination from interdealer brokers to investment banks, block trade reporting to multiple exchanges, and the generation and reconciliation of confirmation tickets and broker fees, respectively.
This amalgamation of services promises to provide a comprehensive platform covering the front-to-back office for inter-dealer brokers and investment banks running equity derivatives desks, aiming to offer improved and more efficient workflows for clients.
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