-

Apex Fintech Solutions Acquires PDQ Enterprises, Parent Company of Auction-Based ATS Operator CODA Markets

Acquisition greatly enhances Apex Fintech Solutions’ suite of trading and execution capabilities

DALLAS--(BUSINESS WIRE)--Apex Fintech Solutions (Apex), the “fintech for fintechs” powering innovation and the future of digital wealth management, announced today that it has acquired PDQ Enterprises (PDQ), the parent company of CODA Markets, Inc. (CODA), operator of an innovative auction-based alternative trading system (“ATS”) and smart order router that aims to optimize liquidity aggregation for all market participants.

The acquisition of PDQ will enable Apex to expand and evolve its trading and execution capabilities, creating opportunities to deliver increased liquidity, improved execution quality and new products to clients. Founded by the former CTO of the New York Stock Exchange, PDQ is a pioneer in equity market structure and innovator of on-demand auction markets. CODA, an independent, agency-only FINRA regulated broker-dealer, offers a suite of auction-based execution solutions.

“Our acquisition of PDQ is fueled by the synergies that exist between us, and our aligned vision for the future of the industry,” said Bill Capuzzi, CEO of Apex Fintech Solutions. “The pioneering work that PDQ has done to revolutionize equity market structure furthers the Apex mission to be the market leading financial technology and data provider driving disruption and innovation for the future of wealth creation. The equity markets are more fragmented than they’ve ever been, and that has caused inefficiencies for institutions and retail investors alike. Together with PDQ, we can meet these challenges head on and create a better marketplace.”

PDQ’s mission to improve investment performance through intelligent trading design and advanced technology is reflected in its subsidiary, CODA Markets. Known for spearheading innovation in the development of on-demand auction markets, CODA Markets aims to increase investment returns for participants by taking time out of the trading process. The CODA marketplace facilitates hundreds of thousands of competitive stock auctions every day, anchored by billions of shares of unique on-demand aggregated liquidity.

The company’s most recent innovation is CODA Fuse, a first-of-its-kind intraday auction product that helps equip investors to prioritize liquidity over speed by enabling a single order to trade simultaneously with multiple counterparties. Embedded directly into a trader’s algorithmic routing logic, the goal of CODA Fuse auctions is to execute instantaneously, fluidly and continuously throughout the trading day.

“At PDQ and CODA, it’s always been our mission to continuously deliver smarter, more inclusive trading solutions,” said Don Ross, CEO of PDQ Enterprises. “With the backing of the team and talent from Apex, that mission will be accelerated. In our discussions leading to this deal, our collective teams have identified numerous product and operating synergies that will enable us to deliver on our promise of fair and efficient markets, ensuring trading success for both institutional and retail investors. We are enthusiastic about the road ahead and thrilled to be part of the Apex team.”

About Apex Fintech Solutions
Apex Fintech Solutions LLC, the “fintech for fintechs,” is the parent company of Apex Clearing Corporation, a custody and clearing platform that’s powering innovation and the future of digital wealth management, and Apex Pro, a trusted clearing partner to broker-dealers, ATS’s, routing firms, professional trading firms, hedge funds, institutions and emerging managers. We offer cryptocurrency trading and custody services through Apex Crypto LLC, a wholly owned subsidiary of Apex Fintech Solutions. Collectively, our suite of solutions creates an environment where companies with the biggest ideas in fintech are empowered to change the world. If you’ve got the guts to dream, we’ve got the guts to help you realize those dreams.

For more information, visit the Apex Fintech Solutions website: https://www.apexfintechsolutions.com.

Contacts

Media:
Jonathan Gasthalter/Carissa Felger
Gasthalter & Co.
(212) 257-4170
apexfintechsolutions@gasthalter.com

Apex Fintech Solutions LLC


Release Versions

Contacts

Media:
Jonathan Gasthalter/Carissa Felger
Gasthalter & Co.
(212) 257-4170
apexfintechsolutions@gasthalter.com

More News From Apex Fintech Solutions LLC

Apex Fintech Solutions’ Data Highlights Millennials as the Most Active Traders in Fourth Quarter; Three-Year Lookback Shows Rise of Self-Directed and Wealth-Tech Traders

DALLAS--(BUSINESS WIRE)--Apex Fintech Solutions (“Apex”), a fintech powerhouse enabling seamless access, frictionless investing, and investor education for all, today released its Fourth Quarter 2022 Apex Next Investor Outlook (“Q4 ANIO Report” or the “report”). New to the report is a longer-dated lookback at investor activity over the last three years. The report, which analyzes proprietary data of U.S.-based investors who trade through introducing brokers on the Apex Clearing platform as of D...

Apex Fintech Solutions and Unifimoney Announce Partnership to Provide America’s Credit Unions and Community Banks with Digital Investment Solutions

SAN FRANCISCO & AUSTIN, Texas--(BUSINESS WIRE)--Apex Fintech Solutions (“Apex”), the powerhouse enabling seamless access, frictionless investing, and scalable infrastructure for hundreds of leading fintech companies, today announced a partnership with Unifimoney Inc. ("Unifimoney") a multi asset digital wealth management platform for community banks and credit unions. The collaboration allows community banks and credit unions to enable their account holders access to Unifimoney’s turnkey digita...

Apex Fintech Solutions’ Data Highlights Gen Z’s Increased Focus on Renewable Energy in Third Quarter 2022

DALLAS--(BUSINESS WIRE)--Apex Fintech Solutions (“Apex”), the fintech for fintechs powering innovation and the future of digital wealth management, today released its Third Quarter 2022 Apex Next Investor Outlook (“Q3 ANIO Report” or the “report”). The report, which analyzes proprietary data of U.S.-based investors who trade through introducing brokers on the Apex Clearing platform as of September 30, 2022, sheds light on the top 100 stocks[1] held by investors across four generations, with a s...
Back to Newsroom