ION Markets has confirmed that it has acquired spinoff evaluation specialist Clarus Monetary Expertise as a part of a deal that can strengthen the corporate’s post-trade processing platform.
Actual-time margin and threat administration evaluation for cleared and non-cleared OTC derivatives might be built-in into ION’s clearing, settlement and reporting platform, XTP, as a part of the ‘acquisition. Phrases of the contract aren’t disclosed.
ION stated Clarus’s analyzes can even complement the pricing and preliminary margin evaluation of its OTC JANUS derivatives, and supply new portfolio threat administration evaluation in addition to instruments to assist shoppers adjust to the principles. uncompensated margin.
“The acquisition of Clarus expands ION Markets’ providing inside its XTP platform, additional automating and simplifying the post-trade derivatives enterprise,” stated Hishaam Caramanli, Chief Product Officer at ION. “This strategic growth demonstrates ION Markets’ management place as a supplier of capital markets administration options and our continued concentrate on digitizing and automating workflows.
The deal is ION’s newest after the corporate accomplished the acquisition of DASH Monetary Applied sciences in June. Buying and selling know-how supplier DASH might be built-in with ION’s buying and selling division to increase its automation and analytics capabilities.
ION additionally acquired digital fastened revenue and FX buying and selling options supplier Broadway Expertise and forex software program supplier MarketFactory final yr as a part of plans to increase its FX buying and selling enterprise.
“OTC derivatives is a market with favorable regulatory winds which are driving change and evaluation and SaaS information is vital to success. As a member of ION Markets, Clarus will be capable of take advantage of this development, maximizing its skill to serve shoppers whereas offering complementary providers to ION’s XTP, JANUS and different ION group choices. Added Amir Khwaja, CEO of Clarus Monetary Expertise.