In a press release printed by Market Watch from The Wall Street Journal, NYSE Euronext (NYX) announced Thursday the completion of its acquisition of Metabit, a leading Tokyo-based provider of high performance market access products with a trading community of more than 140 trading firms throughout Japan and Asia.
As announced previously on Aug. 1, 2011, Metabit will operate as a product line within the NYSE Technologies portfolio further enhancing service to the Asia-Pacific region. Terms of the acquisition were not disclosed. Daniel Burgin, formerly CEO of Metabit, will head the NYSE Technologies Asia business and report to Stanley Young, Chief Executive Officer of NYSE Technologies. Peter Tierney, Managing Director of NYSE Technologies will become the Chief Operating Officer of the combined business in Asia, and he, with Mr. Burgin, will lead the Asian business operations.