In the latest leg of its deal-making marathon, Ion Group has acquired Clarus Financial Technology, a derivatives analytics and data provider.
The move expands Ion’s existing post-trade service for listed derivatives into the over-the-counter derivatives market, where it will confront established vendors, such as Calypso, Cassini Systems, CloudMargin and OpenGamma.
Francesco Margini, Ion’s head of product management for cleared derivatives, says the point of the deal was not to buy market share
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