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Deal for Charles River underscores a growing focus on the technology underpinning financial markets

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State Street, the Boston-based financial services giant that spans investment management, trading and data, has agreed to buy a major provider of fund management software for $2.6bn in cash.

The firm said on Friday that it will acquire Charles River Development, which employs 745 people and generated more than $300m in revenue in 2017.

State Street pays $2.6bn for trading software specialist

Samuel Agini

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