Refinitiv to Acquire Cloud-based OMS Provider AlphaDesk

Refinitiv announced it’s to plan to acquire order management system specialist AlphaDesk to boost its end-to-end trading portfolio. Refinitiv will integrate the AlphaDesk platform, which provides order and portfolio management, risk, and compliance solutions for buy-side users, into its existing front-office suite that includes the EMS platform from REDI, which it acquired in January 2017.  The vendor currently provides pre-trade data and analytics through its Eikon platform and will use the multi-asset and multi-currency reach of the AlphaDesk OMS platform to expand its workflow capabilities as the roles of buy-side traders and portfolio managers continue to converge. According to a story in The Trade news, Refinitiv expects the acquisition to close in the second quarter of 2019.