ION Group completes acquisition of DASH Financial Technologies
Acquisition adds options technology and execution capabilities to ION Markets portfolio amid rising demand for options trading solutions.
LONDON JUNE 02, 2021
ION – a global financial technology leader in trading, data, analytics, business information, workflow software, and risk management solutions for capital markets, commodities, and treasury management – has acquired DASH Financial Technologies, the foremost options technology and execution provider in the US.
The acquisition from DASH’s previous owner, Flexpoint Ford, has closed following regulatory approvals. DASH becomes part of the ION Markets division, which specialises in global trading automation, analytics and innovation across the trade lifecycle, powering key capital markets workflows for financial markets participants across all asset classes.
The integration of DASH into the ION Markets portfolio is timely given the increased pace of trading activity and volatility in the options markets due to a number of factors including the ongoing pandemic, political uncertainty, and increased levels of both institutional and retail investor engagement.
Hishaam Caramanli, Group Chief Product Officer, said, “We are delighted to welcome DASH to ION Group and add their unmatched domain expertise, technology and insight to the ION Markets portfolio. ION Group remains focused on maximising the performance of our customers and DASH is an invaluable addition to our offering.”
Peter Maragos, co-founder and CEO of DASH, added: “ION’s investment and support will allow our products to reach a much wider global customer base, as well as opening up a new range of services for our existing clients. Our next chapter as part of the ION Group is exciting for our team and will act as a catalyst for our next stage of product innovation and growth.”
About DASH Financial Technologies
DASH Financial Technologies is the leading US options technology and execution provider, offering fully customizable routing and order management solutions to financial institutions as well as complete order routing transparency featuring real-time visualization through the award-winning DASH360 platform. For more information, please visit https://www.DASHfinancial.com.
About ION Group
ION provides mission-critical trading and workflow automation software solutions to financial institutions, central banks, governments, and corporations. For more information, visit https://www.iongroup.com.
All product and company names herein may be trademarks of their registered owners.
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About ION Group
ION Group provides mission-critical trading and workflow automation software, high-value analytics and insights, and strategic consulting to financial institutions, central banks, governments, and corporates. Our solutions and services simplify complex processes, boost efficiency, and enable better decision-making. We build long-term partnerships with our clients, helping transform their business for sustained success through continuous innovation. For more information, visit https://iongroup.com/.
About ION Markets
ION Markets provides transformative technology and solutions to financial institutions dealing in equities, fixed income, foreign exchange, cleared derivatives and secured funding. Our award-winning end-to-end solutions simplify clients’ operations by automating the full trade lifecycle, providing tools to manage risk, and maximizing access to liquidity, while giving real-time access to critical information required for timely operational decisions and execution on a global scale. For more information, visit https://iongroup.com/markets/.