Citicorp acquired an institutional brokerage firm.

Lynch, Jones & Ryan will continue to operate as an independent business, Citicorp said. Terms of the acquisition were not disclosed. LJR currently has membership on 15 stock exchanges, including London and Tokyo, and has 85 employees. Citicorp also announced that its tender offer for Quotron Systems has been successful and that it has purchased a majority of Quotron’s outstanding shares.