Bloomberg reports on the NYSE and ACE Portal partnership.
NYSE Euronext (NYX:US), the owner of the New York Stock Exchange, bought a minority stake in ACE Group Inc., which operates a platform for companies to sell stocks, bonds and other securities privately.
ACE was founded in 2010 and runs a portal through which broker-dealers can post and manage securities sales, while investors can search for offerings, according to a joint statement posted on the startup’s website today. Financial details of NYSE’s purchase weren’t disclosed.
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