MarketAxess acquires regulatory data provider Xtrakter

The electronic trading platform operator has bought Euroclear's trade matching and reporting service for £26m

Electronic trading platform operator MarketAxess said Friday it has acquired Xtrakter, a provider of regulatory transaction reporting, financial market data and trade matching services to the European securities markets, for £26m ($42m) in cash.

MarketAxess expects to complete the acquisition of Xtrakter, a wholly owned subsidiary of Euroclear, in the first quarter of 2013.

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