ION Investment Group, a global financial technology provider, has completed its acquisition of DASH Financial Technologies, the options technology and execution provider in the US.
In February this year ION entered into a definitive agreement to acquire DASH. DASH explained that under ION's ownership, it will continue to invest in product innovation that drives value for its clients while also benefiting from ION’s global reach and network.
The acquisition from DASH’s previous owner, Flexpoint Ford, has closed following regulatory approvals.
As part of the acquisition, 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, according to the group, 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, says: “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, adds: “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."
