A bond trading platform backed by George Soros and Peter Thiel has agreed to buy a rival - a further indication of the tricky business of trying to match buyers and sellers of bonds electronically.
Trumid Financial has agreed to acquire Electronifie, The Wall Street Journal reports. The deal will give Trumid around 60 new customers, 10 staff and a presence in the market for investment-grade bonds. Financial details were not disclosed.
