Also in March, Danish investment bank and trading service provider Saxo Bank sold a 70% majority interest to a Swiss private bank managing J. Safra Sarasin Group for $1.2B.Saxo Bank’s expertise in digital investments and trading platforms supplements J. Safra Sarasin’s wealth and asset management solutions. J. Safra Sarasin plans to integrate Saxo’s technology platform.

In March, financial trading software developer NinjaTrader was picked up by Kraken, the developer of a trading platform designed for cryptocurrency exchanges and services, for $1.5B. This acquisition strengthens Kraken's position as a 24/7, always-on technology platform built for professional traders, strengthening its position in US futures for both traditional and crypto markets.

In February, MANTL, a developer of cloud-based enterprise software for banks and credit unions, was picked up by digital banking & fraud mitigation software developer Alkami Technology for $400M to create a digital sales and services platform for financial institutions.

Thomson Reuters Corporation has acquired US-based tax and accounting automation software provider SafeSend for $600M in January. Thomson Reuters intends to continue to offer SafeSend as a market solution, supporting the ability to interoperate with multiple vendors across a connected tax software ecosystem.