Blackstone-backed Refinitiv to acquire OMS AlphaDesk

Refinitiv has agreed to acquire AlphaDesk, a cloud-based order management system (OMS), from SGGG Group, a Toronto-based provider of software and administration services to investment funds. Terms weren't disclosed. Refinitiv, a London, U.K.-based provider of financial markets data and infrastructure, said the deal will add OMS capabilities to its end-to-end trading solution. Refinitiv emerged last year with the acquisition of Thomson Reuters' financial and risk unit by a consortium led by U.S. private equity firm Blackstone Group. The deal valued the business at about US$20 billion.

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