NYSE Euronext and ACE Partner on Private Placement Exchange

NYSE Euronext has acquired a minority stake in ACE, an exchange for the private placement of securities.

The two companies will work together to develop technology to allow private companies to issue securities. The private placements market currently sits at over $1 trillion in annual offerings, and the new partnership intends to bring increased transparency and efficiency to this market.

In March, the NASDAQ OMX entered the private placements market by partnering with SharesPost.

“The partnership with ACE is a strategic extension of our institutional capital formation expertise in the public market,” said Scott Cutler, executive vice president and head of global listings at NYSE Euronext. “Our goal is to bring greater efficiencies and transparency to the institutional private market, just as we have brought to the public market. ACE has taken a unique approach to improving the market for private placements and our goal is to make the private placement process more transparent, efficient and auditable for issuers, investors and placement agents.”