Workflow software provider ION is acquiring derivatives markets expert Clarus Financial Technology.
British-based Clarus Financial Technology (Clarus) will from now on offer its analytics products for real-time margin and risk management of both cleared and uncleared OTC derivatives as a part of ION Markets, according to a news release of the acquisition.
Clarus is a provider of analytics data and research services for both buy- and sell-side participants and others in global derivatives markets, covering sources including exchanges, clearing houses and trade repositories.
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ION intends to let the Clarus services extend its XTP platform, “further automating and simplifying the post-trade derivatives business”.