Nomura’s US Equities Arm Instinet Acquires State Street’s BlockCross ATS

[kreslik.news]

Instinet LLC, the equity execution services arm of the Nomura Group, has signed a definitive agreement to acquire State Street’s BlockCross ATS, an SEC-registered alternative trading system (ATS) that operates in the US only.

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The transaction is subject to the customary conditions and the companies anticipate closing within two months, after which BlockCross would become a business unit of Instinet LLC.

BlockCross, which will keep its current team after the acquisition, is an independent agency brokerage firm that combines buy and sell-side liquidity to provide a broad spectrum ... (read more)