US technology provider CSC has acquired Fixnetix, a UK trading technology group, in order to make strides in the high-speed trading and data services markets.

CSC and Fixnetix will both continue with plans to develop an array of services targeting banks and brokers, such as high-speed trading and a variety of other IT services. Both businesses see this as a lucrative market, with many banks looking to make the switch from trading over the phone to trading electronically.

According to speculation in the FT, the acquisition may have cost CSC just over $100 million.

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