24 Exchange’s Acquisition of 11B Technologies

Pillsbury Winthrop Shaw Pittman advised 24 Exchange Bermuda Ltd on the deal.

24 Exchange Bermuda Ltd, which operates the multi-asset class trading platform 24 Exchange, announced its acquisition of the business of New York-based technology and service provider 11B Technologies.

Among its services, 11B Technologies provides order, execution and risk management systems for FX Spot, FX Swaps, FX NDF, Crypto Spot and Crypto NDFs. It also provides matching engine, CRM and back office connectivity through FIX API, GUI and mobile interfaces. 

The Pillsbury team was led by Corporate special counsel Veronica Nunn (Picture). In addition to Nunn and Corporate partner Mike Flynn, the Pillsbury team included Corporate associates Mel Pudig and Andy Gong, Tax partner Brian Blum, and Litigation special counsel Rebecca Rizzo.

Involved fees earner: Brian Blum – Pillsbury Winthrop Shaw Pittman LLP; Michael Robert Flynn – Pillsbury Winthrop Shaw Pittman LLP; Andy Gong – Pillsbury Winthrop Shaw Pittman LLP; Veronica Nunn – Pillsbury Winthrop Shaw Pittman LLP; Mel Pudig – Pillsbury Winthrop Shaw Pittman LLP; Rebecca Rizzo – Pillsbury Winthrop Shaw Pittman LLP;

Law Firms: Pillsbury Winthrop Shaw Pittman LLP;

Clients: 24 Exchange Bermuda LTD;

Author: Martina Bellini