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Stroock Advises Instinet in Purchase of BlockCross ATS from State Street
Stroock’s FinTech group, led by partner Ian DiBernardo and special counsel Jeffrey Mann, advised Instinet Holdings Incorporated in its acquisition of State Street’s BlockCross ATS, an industry leading alternative trading system (ATS). The Stroock team also included associates Binni Shah and Adam Sapper. The transaction, which closed on August 10, 2017, is the third in a series of transactions Stroock has handled for Instinet. Terms were not disclosed.
Stroock’s FinTech team counseled Instinet in the preparation, negotiation and due diligence of vital intellectual property and information technology components. The deal included complex technology, cybersecurity and business issues that were fundamental to the acquisition and the seamless transition of the ATS to Instinet.
The FinTech group, part of Stroock’s Intellectual Property and Technology group, leverages a deep experience in capital markets, funds, data security and privacy, corporate transactions, financial systems, intellectual property and technology, providing solutions to clients that license, fund, develop and market innovative financial technologies and services. The FinTech group regularly applies its financial knowledge, together with its core intellectual property, information security, privacy and technology skills, to represent banks, broker-dealers, private equity and hedge funds, insurance companies and financial technology providers, offering a comprehensive service to those operating in or investing in the FinTech space.
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Cake Wallet Integrates xStocks, Letting Users Invest in Stocks Using Crypto.
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Routefusion Secures $26.5 Million Series A to Expand its Global Payments Network
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BCP Launches Criptococos, the First Crypto Banking Platform in Peru, Powered by BitGo
Banco de Crédito del Perú (“BCP”), the largest bank and the largest supplier of integrated financial services in Peru, and BitGo, the digital asset infrastructure company, today announced the launch of Criptococos, the first banking platform in Peru, to enable the secure purchase and management of crypto assets. The launch is part of a pilot project authorized by the Superintendency of Banking, Insurance, and Pension Fund Administrators (SBS) and reflects BCP’s ongoing commitment to driving innovation in the financial system.
EXCLUSIVE: “Passion Project” – Brice van de Walle, Mastercard in ‘The Fintech Magazine’
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FreedomPay Drives Global Merchant Innovation
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
FIS Brings AI-Powered Advancements to Seamless, Personalized Digital Banking Experiences
FIS® announced a strategic partnership with Glia to deliver advanced AI-powered customer engagement capabilities across FIS' Digital One suite
Citi Ventures Invests in BVNK to Power the Next Generation of Financial Infrastructure
Citi Ventures has announced a strategic investment in BVNK, highlighting the shift toward digital asset-based infrastructure.
Nearly Two-Thirds of Global Retailers Say Payment Method Flexibility Drives Revenue Growth, ACI Worldwide Survey Finds
Global retailers are accelerating their multi-acquirer strategies to stay ahead, according to a new survey conducted by ACI Worldwide
Ipswich Town Selects IFX Payments as an Elite Partner
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Baghdadi Capital Group Selects nCino to Power Global Growth and Expansion Strategy
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