Tradeweb Markets to acquire Institutional Cash Distributors (ICD) for $785 million
NEW YORK: Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, has entered into a definitive agreement to acquire Institutional Cash Distributors, LLC (ICD), an institutional investment technology provider for corporate treasury organizations trading short-term investments, for $785 million. The purchase price is expected to…