tZERO ATS to change its name to tZERO Securities
Provider of technology solutions for capital markets tZERO Group Inc. has announce that its broker dealer subsidiary, tZERO ATS, will add investment banking business lines to its existing platform.
In parallel, tZERO ATS will change its name to tZERO Securities to better reflect the breadth of services it makes available to its customers. These changes add the business that was previously provided by tZERO Markets and optimize the workstreams for issuers and investors alike as the firm continues to gain market share in its primary issuance and secondary trading business units, as well as introduce greater operational efficiency.
The change will become effective on October 20.
“The consolidation of services to one entity will result in a more cohesive platform for customers to seamlessly participate across business lines,” said David Goone, CEO, tZERO Group. “tZERO Securities brand reflects the broad scope of our offerings and our market-leading position.”
tZERO Securities will continue to operate its ATS secondary trading business and self-clearing operations in addition to its new Investment Banking and Private Placement business lines providing users with a single platform for all of their investing needs. tZERO Group, the parent company of tZERO Securities, will continue to operate its current activities as a holding company and leading provider of technology and tokenization services for the capital markets industry.