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31 May 2019

Charles Russell Speechlys advises Liquidnet Holdings on the acquisition of RSRCHXchange

Charles Russell Speechlys has advised Liquidnet Holdings, a cutting-edge financial technology solutions provider for institutional asset managers, on the acquisition of FinTech company RSRCHXchange, a platform for unbundled financial research.

Founded in 1999, Liquidnet has grown to include more than 1,000 institutional investors that collectively manage $33 trillion in equity and fixed income assets. They are present on 46 markets across six continents connecting brokers, investment banks, exchanges, alternative trading venues and an increasing number of research providers. Their acquisition of RSRCHXchange, the leading marketplace and aggregator for institutional research, follows two years after the acquisition of OTAS Technologies in 2017, which is an AI-based analytics platform.

 Combining the two platforms Liquidnet will help its global network of asset managers to revolutionise the way of data management and investment decision making.

Corporate partner at Charles Russell Speechlys, Chris Putt commented: “we were delighted to advise Liquidnet on this acquisition, which brings the worlds of investment research and alternative data together in a fundamentally new approach to alpha creation. Drawing upon our Fintech sector experience, we were able to field a multidisciplinary team of legal experts particularly from our Corporate, Commercial and FS Regulatory teams to provide Liquidnet with full-service support throughout the transaction. We wish them every success for the future."

The Charles Russell Speechlys team, led by Chris Putt, also comprised partner Mark Bailey and trainee solicitor Matthew Knowles from the Commercial team, Corporate associate James Moubray, Jun Park and Corporate trainee solicitor Svetlana Kisyova, Employment senior associate Rachel Hearn, Tax associate Brett Rawlings and Pensions senior associate Esther White.

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