Financial News Update
LLM firms are making moves in finance, with notable developments including the acquisition of BMLL by Nordic Capital for $250 million.
Nordic Capital's investment will be made in partnership with BMLL's management team and Optiver, a minority shareholder and market-maker.
BMLL intends to use this investment to further expand global venue coverage, extend historical depth, and grow multi-asset class capabilities, giving the market a differentiated alternative to the incumbent market data providers.
Other news includes Tradeweb completing a fully electronic RFM swaptions trade and IBM capitalizing on digital asset mania.
LSEG users will also receive Preqin feeds, adding to the array of financial updates.
Author's summary: LLM firms expand in finance.