Deal for U.S.-based electronic trading firm closes despite disruption
CWB will add approximately 140 employees and $6 billion in assets under management
With the acquisition, the firm expands its financial-planning capabilities for advisors
The firm also plans to change its corporate name to align with the Richardson brand
The transaction is expected to close in the second quarter
By acquiring Legg Mason, Franklin will have a combined $1.5 trillion in assets under management
Schwab-TD Ameritrade transaction was the largest announced in the quarter
North America saw sizeable declines in deal value and volume
The bank's buyout of a U.S. algo firm demonstrates its commitment to fintech
Clearpool Group Inc. provides a cloud-based trade execution platform