Stockbroker TD Waterhouse on Thursday announced the acquisition of OMX Securities, a Birmingham-based company that provides clearing and settlement services to stockbrokers and fund managers. The acquisition of OMX, which was 51% owned by Nasdaq OMX, for an undisclosed cash sum marks a significant expansion into back-room services for TD Waterhouse, which mainly operates in the online market.

This entry was posted by Gwen Robinson on Friday, August 14th, 2009 at 5:05 and is filed under Capital markets, M&A. Tagged with OMX Securities, TD Waterhouse. Edit this entry.