Axoni Sells Post-Trade Technology Business to LSEG: Key Insights
Tuesday, 17 September 2024, 05:23
Axoni's Strategic Move
Axoni, a leading provider of trade workflow applications, has announced the sale of its Veris post-trade processing business to LSEG. This decision is set to shape the financial technology landscape significantly.
Implications for LSEG
This acquisition strengthens LSEG’s capabilities in trade processing and enhances its portfolio within the post-trade segment.
Axoni's Focus Shift
By divesting this segment, Axoni can now concentrate on its innovative real-time data replication technology, paving the way for advancements in other areas.
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