Tuesday September 10 2013
News Source: Global Exchanges
Focus: General - Global Exchanges
Type: General
Country: International
Link: https://usequities.nyx.com/listings/resources/ace-group
NYSE Euronext has announced a strategic partnership with ACE, a transaction management platform for private placements of equity, debt and other securities. NYSE Euronext and ACE will establish an independent technology backbone for new issuances of private securities, with the goal of bringing greater transparency and efficiencies to the private market. Under the terms of the arrangement, NYSE Euronext has acquired a minority ownership position in ACE. Terms of the investment were not disclosed.
The ACE platform is available for both listed and privately-held companies to use. Broker dealers and placement agents can use the ACE platform to manage the private issuance process for all private securities, whether or not they are issued by an NYSE-listed company.
Click on the above link for more details.