S3 Partners sues Ion’s Fidessa for breach of contract

The New York-based market data company has filed a complaint against Fidessa for failing to honor its agreement to invest up to $6.25 million into the business.

S3 Partners, a data and research company that provides real-time short interest analytics to hedge funds and financial institutions, has filed a complaint against Ion Group-owned Fidessa for breaching a contractual obligation to invest $6.25 million into S3, as part of an investment agreement that the pair entered in August 2021.

According to the complaint, which was filed this morning in New York State’s Supreme Court, Ion’s founder and Fidessa’s control person, Andrea Pignataro, as well as

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe

You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Waterstechnology? View our subscription options

Systematic tools gain favor in fixed income

Automation is enabling systematic strategies in fixed income that were previously reserved for equities trading. The tech gap between the two may be closing, but differences remain.

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here