Banks invest in future of Traiana with 12% stake

Gil Mandelzis (left) and Andy Coyne — Gil Mandelzis (L) and Andrew Coyne, Traiana

- By Robert Mackenzie Smith
- 15 Jan 2013

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Post-trade processing technology vendor Traiana has sold a 12% stake to seven of its top bank clients, the firm announced yesterday, sending a clear signal of the importance banks are placing on robust post-trade infrastructure under new regulations.

Traiana was acquired by interdealer broker Icap in 2007 for $247 million and the new transaction valued the company at $300 million. Icap will continue to own the majority stake in the business, but the seven banks – Bank of America Merrill Lynch

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