Pats Goes Cross-Asset via Tamesis Buy
DERIVATIVES TRADING TECHNOLOGIES
LONDON—Patsystems, a London-based vendor of derivatives trading systems, has marked a return to profitability with the acquisition of Tamesis, a U.K. vendor of cross-asset structuring tools, pricing analytics and decision support technologies.
The acquisition will open up new opportunities for Patsystems to look at cross-asset class trading solutions. "Pats needs to be in one way or another multi-asset," says CEO Kevin Ashby. "If in five years' time, we were just doing futures, we'd be a very
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