ICAP, a markets operator and provider of post trade risk mitigation and information services, has acquired ENSO Financial Analytics (ENSO), a leading provider of a data analytics platform for hedge funds and prime brokers, as it seeks to expand its fintech offering.
Part of its strategy to continue expanding its portfolio
The acquisition, which follows last month’s reverse takeover deal between ICAP and Tullett Prebon, has been spearheaded by Euclid Opportunities, ICAP’s early-stage fintech investment incubator. ICAP has already made a number of early-stage financial technology investments through Euclid Opportunities, and its latest acquisition is part of its strategy to ... (read more)