IntercontinentalExchange (ICE) has acquired registered broker/dealer, Ballista Securities (Ballista), for an undisclosed sum. The Ballista system will be integrated into the workflow of ICE’s unit, YellowJacket, allowing easier access to Ballista’s technology. The move will provide customers with a platform that provides seamless connection to an array of electronic systems and liquidity sources. Ballista, which provides an electronic options platform for the execution of block-sized and complex multi-leg options transactions, will be operated as a wholly owned subsidiary of ICE.
Click here for the release from IntercontinentalExchange.