Cowen Group to Acquire Algorithmic Trading Management

January 19, 2012

 On January 17, 2012, Cowen Group, Inc. announced it had agreed to acquire Algorithmic Trading Management, LLC, a provider of algorithmic execution trading models.

On January 17, 2012, Cowen Group, Inc. announced it had entered into a definitive agreement to acquire Algorithmic Trading Management, LLC, a provider of global, multi-asset class algorithmic execution trading models.  Cowen Group is a New York-based diversified financial services firm providing investment management and other financial services.  ATM will continue to operate as a separate financial technology business.  The transaction is subject to regulatory approvals and customary closing conditions and is expected to close by the end of the first quarter or early second quarter of 2012.  Financial terms of the transaction were not disclosed. 

To read the press release, please click here.


Categories

Hedge Fund M&A, Transactions