Colt Group SA, a U.K. telecommunications company controlled by Fidelity Investments, is getting closer to buying MarketPrizm, a trading technology company, the Financial Times reported, citing two unidentified people familiar with the matter.
MarketPrizm is part of the Chi-X Global trading platform and was put on the market last year by Instinet Group Inc., its majority shareholder, the newspaper said.
Colt hopes to announce an agreement when it posts full-year financial results on Feb. 25, the FT said.
The company said it doesn’t comment on speculation, the newspaper added.
To contact the reporter on this story: Alan Purkiss in London on firstname.lastname@example.org.
To contact the editor responsible for this story: Colin Keatinge at email@example.com.