ION has acquired DASH Financial Technologies, an options technology and execution provider in the US. DASH becomes part of the ION Markets division, which specializes 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.
Peter Maragos, co-founder and CEO of DASH, said in a statement: “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.”
ION is a global fintech in trading, data, analytics, business information, workflow software, and risk management solutions for capital markets, commodities, and treasury management. Financial details were not included in the statement.