OTC Equity Derivatives workflow vendor VECTALIS has acquired fellow financial technology firm BrokerHub in a deal that provides market participants with a comprehensive global pre- and post-trade venue for equity derivatives.

After decades of competition, the two companies are joining forces to deliver some essential services to market participants. These services include price dissemination from interdealer brokers to investment banks, the reporting of block trades to multiple exchanges, as well as the generation of confirmation tickets by brokers and the reconciliation of broker fees for banks. All these services combined in one place means there is now a unique platform that covers the front-to-back office for any investment bank running an equity derivatives desk.

Commenting on the acquisition, Julien Flaquieres CEO of VECTALIS said: “EQD is a very broad space that involves a number of moving parts to complete a trade, as well as a multitude of different interacting departments. I am confident this collaboration, which aims to make current workflows smoother and more efficient, will be positive for our clients.”

“Together, BrokerHub and Vectalis will provide a unique set of services to enhance and optimize the equity derivative workflow for interdealer brokers and investment banks”, added Pierre Devos, Managing Director of BrokerHub.