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Ion Trading To Buy Wall Street Systems

Ion Trading, a provider of electronic trading, pricing and risk management systems across asset classes, is acquiring New York-headquartered Wall Street Systems.

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.

Click here for the story from Finextra.

Click here for additional coverage from FX Week.

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