The TRADE 61 - Q3 2019 | Page 71

[ M A R K E T R E V I E W | M E R G E R S & A C Q U I S I T I O N S ] The TRADE reviews the mergers and takeovers that have caused a stir in the industry. The Unofficial M&A Awards returns for a second year, as consolidation in the exchange space raises more than a few eyebrows and investment in FinTech has never been hotter. L ast year, The TRADE introduced the first ever (unofficial) mergers and acquisitions awards, featuring some of the biggest deals inked between major players that significantly impacted the market and saw some of the industry’s estab- lished names, such as NEX Group and ITG, become absorbed into new ownership. While 2019 may not have lived up to the same levels of M&A activity witnessed in 2018, there has nonetheless been no drought of drama and deals being struck across the industry, most significantly in the exchange space, where tensions were raised and bids have flown across the globe, with varying degrees of success. With a cast of players including London Stock Ex- change Group and Hong Kong Exchanges & Clear- ing, Euronext and Nasdaq, Refinitiv and Liquidnet, The TRADE’s second (and still very unofficial) M&A awards runs the rule over the most noteworthy of this year’s M&A activity so far... Issue 61 // TheTradeNews.com // 71