NYSE Euronext has completed its acquisition of Metabit, a Tokyo-based provider of high performance market access products.
Metabit has a trading community of more than 140 trading firms throughout Japan and Asia. It will operate as a product line within the NYSE Technologies portfolio in the Asia-Pacific region. Terms of the acquisition were not disclosed.
Daniel Brgin, formerly CEO of Metabit, will head the NYSE Technologies Asia business and report to Stanley Young, CEO of NYSE Technologies. Peter Tierney, Managing Director of NYSE Technologies, will become COO of the combined business in Asia, and will lead the Asian business operations along with Brgin.
(CG)