FactSet, the Norwalk-based financial services and data company, has acquired cloud-based trading platform LiquidityBook for $246.5 million in cash, furthering its commitment to streamlining investment workflows. LiquidityBook, which serves hedge funds, asset managers, and trading firms, has been integrating its order management system with FactSet’s platform over the past year. The acquisition, funded through FactSet’s revolving credit facility, enhances its enterprise financial solutions, serving over 8,200 global clients and 218,000 users.

CT-Based Fintech Acquires Cloud-Based Trading Platform for $246M