CHICAGO, IL--(Marketwired - Aug 13, 2015) - PDQ Enterprises, LLC, owner of PDQ ATS, today announced that it has completed an asset purchase whereby it has acquired the businesses of Quadriserv, Inc. The acquisition includes Quadriserv's primary operating subsidiary, Automated Equity Finance Markets, Inc. ("AQS"), via a new subsidiary, PDQ, Inc. Quadriserv launched AQS in 2009 as a security financing ATS.
Keith Ross, CEO of PDQ Enterprises, commented on today's news, "We believe the company's original ideas and business model can be strengthened and repurposed to meet the immediate needs of major market participants. A new name and new industry offerings will be announced in the next quarter. The addition of these technological capabilities will also enhance and diversify PDQ Enterprises' product portfolio, but more importantly allow for the right model to develop in alignment with the interests of the securities finance industry. I look forward to commenting further on this new venture as material events occur."
About PDQ Enterprises, LLC
PDQ Enterprises is a technology innovator that develops solutions to market structure complexities for traders and investors. Its subsidiary equity trading marketplace, PDQ ATS, provides alternative sources of unique liquidity that benefit all market participants. PDQ Enterprises' patented process of liquidity aggregation in response to order flow defines the on-demand auction trading protocol at PDQ ATS.
Based outside Chicago in Glenview, Illinois, with offices in New York City and Westport, Connecticut, PDQ Enterprises continues to pioneer new and efficient ways to participate in today's complex electronic markets.
For additional information, please visit http://www.pdqenterprises.com.
Contact Information:
Contact:
Jay Morakis (for PDQ Enterprises)
M Group Strategic Communications
212.266.0191
jmorakis@mgroupsc.com