The transaction values Apex at an enterprise value of approximately $4.7 billion post-money and is expected to provide up to $850 million of gross cash proceeds at closing, assuming no redemptions of Northern Star's existing public stockholders and excluding debt repayment and transaction expenses. II (NYSE:NSTB) from Northern Star Sponsor LLC, Arena Capital Advisors, LLC, Adage Capital Management, L.P., Soroban Capital Partners LP, Citadel Advisors LLC and others for $5.1 billion in a reverse merger transaction on February 21, 2021. The Tradier solution features REST-based and Streaming APIs, and turnkey tools that deliver speed, choice and simplicity – all on a secure platform.Apex Clearing Holdings LLC entered into a definitive merger agreement to acquire Northern Star Investment Corp. In addition, Tradier's APIs empowers third-party developers to build applications such as algorithmic and robotic trading systems. Tradier delivers an innovative set of fully hosted API's, modules and "out of the box" tools that are leveraged by a growing list of providers seeking to create innovative trading and investing experiences.Ĭreated by developers, Tradier is a technology linchpin that works with organizations that want to democratize access to data, trade execution, low cost trading and market connectivity through cloud access. is a cloud-based financial services provider and brokerage API company that offers a groundbreaking platform to serve Platform Providers, Advisors, Developers and Individual Investors. The Brokerage API enables entrepreneurs, businesses, developers and active traders to solve their trading and brokerage challenges using independent content and tool providers of their choice - at simple and competitive prices. a member FINRA and SIPC is an independent subsidiary of Tradier, Inc. "We remain dedicated and focused to enhancing our existing offerings and will continue to focus on creating partnerships that will and help grow the ecosystem and allow Tradier to become the de facto destination to build and launch advisoryrelated products," Raju said. Going forward, Raju says Tradier will look to foster new partnerships as it develops new products. "As importantly, Apex shares our vision of enabling innovation in the digital advisor space." "The relationship with Apex creates the right combination of an established, leading, and forwardthinking clearing firm with Traider's leading API technology," Raju says.
Raju says the partnership with Apex - which was spun off from Peak6 Investments, an options trading house, in 2012 - was a matter of bringing similarlyminded firms together to create a muchneeded product. We're committed to enabling firms that have experienced technology barriers in the past to be empowered to make their own mark." "Innovation shouldn't be contained with dominant players behind closed doors. As such, we wanted to create a product that would help accelerate this innovation in advisory services," Raju says. "There are a large number of digital advisors that are looking to bring their customized digital experience to this segment. Tradier CEO Dan Raju tells SellSide Technology the growing demand in the space for an offering was what led Tradier to develop its latest API. The API will use Apex's clearing and execution platform with Tradier's brokerage API to offer a brokerage platform that includes brokerage operations, clearing, trading and realtime streaming data from r Brokerage for registered investment advisors (RIAs) delivering products digitally. Tradier, a cloudbased financial services brokerage firm, and Apex Clearing Corporation have partnered for an expansion of Tradier's brokerage API that is geared toward the advisory community. WatersTechnology - ApTradier CEO Dan Raju says the partnership between his firm and Apex was the perfect combination needed to create a new API. Tradier, Apex Clearing Partner on New Digital Brokerage API
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