South Street Securities completes GX2 acquisition
16 January 2024 US
Image: chase4concept/stock.adobe.com
South Street Securities Holdings has completed its acquisition of financial market software engineering company GX2 Systems.
The mandate also allows South Street to acquire the firm鈥檚 wholly-owned broker-dealer subsidiary, GX2 Spread Markets.
GX2 specialises in the development and implementation of next-generation US Treasury securities liquidity and related analytical solutions.
It also provides algorithmic, agency brokerage and principal execution liquidity solutions to its network of users, alongside direct exchange connectivity, real-time pricing of cash and futures markets, and post-trade reporting services.
Commenting on the milestone, James Tabacchi, CEO of South Street Securities Holdings, says: 鈥淭his milestone is not just about growth; it is about integrating GX2鈥檚 capabilities with our infrastructure.
鈥淭his integration will empower us to provide enhanced services to our clients and play a pivotal role in the evolution of algorithmic, agency brokerage and principal market making liquidity solutions in US Treasuries.鈥�
GX2 president and CEO David Jaberg adds: 鈥淭he rich domain experience in securities finance, broadened product reach and enhanced balance sheet will provide many pathways to develop and deploy our technology in new ways that will bring value to clients across the full South Street spectrum.鈥�
The mandate also allows South Street to acquire the firm鈥檚 wholly-owned broker-dealer subsidiary, GX2 Spread Markets.
GX2 specialises in the development and implementation of next-generation US Treasury securities liquidity and related analytical solutions.
It also provides algorithmic, agency brokerage and principal execution liquidity solutions to its network of users, alongside direct exchange connectivity, real-time pricing of cash and futures markets, and post-trade reporting services.
Commenting on the milestone, James Tabacchi, CEO of South Street Securities Holdings, says: 鈥淭his milestone is not just about growth; it is about integrating GX2鈥檚 capabilities with our infrastructure.
鈥淭his integration will empower us to provide enhanced services to our clients and play a pivotal role in the evolution of algorithmic, agency brokerage and principal market making liquidity solutions in US Treasuries.鈥�
GX2 president and CEO David Jaberg adds: 鈥淭he rich domain experience in securities finance, broadened product reach and enhanced balance sheet will provide many pathways to develop and deploy our technology in new ways that will bring value to clients across the full South Street spectrum.鈥�
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities 麻豆影视传媒 Times
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities 麻豆影视传媒 Times
