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.
Tag: Broadway Technology
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.
FX OMS provider Barracuda FX will expand into fixed income after joining trading software specialist Broadway Technology following the acquisition.
Broadway Technology will offer institutional investors services for cryptocurrency trading.