Ion Trading, a provider of electronic trading, pricing and risk management systems across asset classes, is acquiring New York-headquartered Wall Street Systems, Finextra reports. Financial terms of the deal were not disclosed.
Chicago-based communications specialist, RR Donnelley, valued Wall Street Systems at more than $200 million in its private equity report published in late September 2010, adds FX Week. Wall Street, which is majority-owned by Warburg Pincus, employs around 700 staff at 14 offices in North America, Europe and Asia. It has over 650 customers for its FX trading and treasury technology.
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