Business
Business

NYSE owner sells technology businesses

By Arielle Kass
June 23, 2014

Intercontinental Exchange, which bought the New York Stock Exchange last year, is selling two of its technology units.

The sale of NYFIX and Metabit to electronic trading and connectivity company ULLINK is expected to close the the third quarter. The terms of the deal were not disclosed.

ICE had said previously that it intended to sell off some technology business, and this deal completes that goal.

NYFIX handles financial service technology around messaging, connectivity, routing and monitoring. Metabit, based in Japan, operates a collection of electronic trading and connectivity solutions that enable market access.

About the Author

Arielle Kass covers Gwinnett County for The Atlanta Journal-Constitution. She started at the paper in 2010, and has covered business and local government beats around metro Atlanta. Arielle is a graduate of Emory University.

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