Transactions


has been acquired by

has been acquired by

the parent company of

the parent company of

Financial Advisor to ETC

Financial Advisor to ETC

September 2019

Freeman & Co. Acted as Financial Advisor to Electronic Transaction Clearing
Date
September 2019
Industry
Broker-Dealer, Financial Technology, Private Equity
Transaction
Sell-Side M&A

PEAK6 has announced the acquisition of Electronic Transaction Clearing, Inc. (“ETC”)

ETC is a Los Angeles-based custodian and clearing provider with an innovative, technology-driven approach to serving the institutional and professional trading marketplace

PEAK6 is a Chicago-based private investment and technology firm and the parent company of Apex Clearing, a leading custody and clearing engine focused primarily on the retail marketplace

Acquisition expands on PEAK6’s established capabilities in custody and clearing through one of its core businesses, Apex Clearing

ETC’s institutional focus is highly complementary to Apex Clearing, which is primarily focused on the retail marketplace

Shared philosophy of leveraging technology to provide enhanced service aligns and positions both organizations as alternatives to traditional custodians through the delivery of flexible, customizable, digital solutions that facilitate speed and innovation