Instinet to Sell its Fox River Business to Clear Street

Instinet to Sell its Fox River Business to Clear Street

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WilmerHale lawyers have decades of experience advising public and private companies in all aspects of mergers and acquisitions.
WilmerHale has played a leading role in shaping the rules that govern the financial services industry in the United States.

On July 16, 2024, Instinet, a Nomura Group subsidiary that provides equity trading services to financial institutions, entered into a definitive agreement to sell its Fox River algorithmic trading business, which provides a comprehensive suite of algorithmic execution solutions in US and Canadian equities, to Clear Street, a cloud-native financial technology firm.

The WilmerHale team representing Instinet was led by Stephanie Evans and included William Caporizzo, Scott Kilgore, Ariel Soiffer, Judd Abramson, Ben Kelsey, Chastity Threadcraft and Kyle Kessler.

 

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