Mergermarket Buys Trade Ideas Platform TIM Group to Boost Buy-Side Reach
Officials say the move highlights the growing trends towards quantitative strategies and demand for Big Data.
Founded in 2002, TIM Group’s platform enables sell-side brokers to contribute trade ideas to buy-side firms.
Rich Koppel, co-founder and chief executive of TIM Group, says the vendor was approached by a number of companies about the prospect of acquisition last year, in addition to separate conversations it held with Mergermarket. “We thought it was the right time for us to consider being acquired. And we were very receptive to Mergermarket because the companies were complementary and it was a
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