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South Street Securities Holdings Acquires GX2 Systems

South Street Securities Holdings (South Street) has recently completed its acquisition of GX2 Systems, including GX2’s wholly-owned broker-dealer subsidiary, GX2 Spread Markets. This acquisition marks a significant development for South Street as it expands its suite of solutions to users. The acquisition is part of South Street’s strategic plans to provide a comprehensive range of services, a strategy that was initiated in August 2023.

GX2 specializes in the development of next-generation US Treasury securities liquidity and related analytical solutions. The company offers algorithmic, agency brokerage, and principal execution liquidity solutions, along with direct exchange connectivity and real-time pricing of cash and post-trade reporting services.

The integration of GX2 into South Street will enable the company to enhance its services to clients and play a pivotal role in the evolution of algorithmic, agency brokerage, and principal market making liquidity solutions in US Treasuries, according to James Tabacchi, CEO of South Street.

David Jaberg, GX2’s president and CEO, also expressed optimism about the acquisition, noting that the rich domain experience in securities finance, broadened product reach, and enhanced balance sheet of South Street will provide many pathways to develop and deploy GX2’s technology in new ways that will bring value to clients across the full South Street spectrum.

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AI legalese decoder can assist in this situation by providing advanced language processing capabilities to analyze and interpret the legal and financial documentation related to the acquisition. The AI-powered platform can quickly review and extract key information from complex legal agreements, enabling a more efficient and comprehensive understanding of the terms and conditions of the acquisition. Additionally, AI legalese decoder can facilitate the integration process by identifying potential legal and regulatory challenges, ultimately contributing to a smoother transition and alignment of business operations between South Street and GX2 Systems.

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