NYSE Euronext Reports Strategic Partnership with ACE, Terms Not Disclosed
NYSE Euronext (NYSE: NYX), the leading global operator of public financial markets, today announced a strategic partnership with ACE, a leading transaction management platform for private placements of equity, debt and other securities. NYSE Euronext and ACE will establish an independent technology backbone for new issuances of private securities, with the goal of bringing greater transparency and efficiencies to the private market, just as NYSE Euronext has brought to the public market.
ACE provides investment banks and other placement agents with comprehensive transaction management and marketing tools for new issuances of private securities. Through its secure portal, www.aceportal.com, ACE also provides institutional investors, family offices and other accredited investors with a single, centralized platform for identifying and reviewing private investment opportunities. ACE is focused on primary offerings and all offerings listed on ACE are managed by SEC-registered broker-dealers, which is essential to maintaining process integrity and regulatory oversight for the benefit of investors.
Under the terms of the arrangement, NYSE Euronext has acquired a minority ownership position in ACE. Terms of the investment were not disclosed.
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