According to panelists, EMS’ need to do more than replicate what’s been done in the equities market to truly provide value in the fixed income space.
The new integration, which includes a request for quote feature, will allow mutual dealer clients to respond to US Treasury inquiries from MarketAxess’ customer base.
Integration of the RV Curve spread trading solution will help remove legging risk, provide inside liquidity and increase matching opportunities, BrokerTec said.
ION’s acquisition of DASH and Broadway, TS Imagine’s merger, and Broadridge’s acquisition of Itiviti all took place recently as the market continued to consolidate.
Under the terms of the deal, DASH becomes part of the ION markets division, which provides trading automation, analytics and innovation across the trade lifecycle.
Global head of trading at Refinitiv, Michael Chin, joins Broadway Technology as co-founder and CEO takes on a new role as chief innovation officer.
ION will sell the fixed income business at Broadway Technology to alleviate concerns the deal would stifle competition in the fixed income electronic trading systems market.
The UK’s competition authority has given ION five days to address concerns that its takeover of Broadway will harm competition in fixed income trading.
Fixed income and foreign exchange trading technology provider Broadway has gained investment from ION Group.
Known as RepoTrader, the new trading functionality at Broadway Technology has already been deployed by major European banks.