Assets on platform engine GBST’s platform solution, Composer, increased by 18% to £180bn in 2021.

Platform engine provider FNZ has today sold off its acquired rival GBST to a private equity firm after the Competition and Markets Authority (CMA) blocked FNZ’s acquisition of GBST.

Platform engine FNZ must sell its recent acquisition of competitor GBST, but will have the right to repurchase a “narrower package of assets”, according to the final reassessment report from the Competition Markets Authority (CMA).

Platform engine FNZ has submitted a detailed case document against the Competition and Markets Authority’s order to sell off its recent acquisition and rival GBST.