Dublin-based Ion Trading is acquiring finvision Financial Systems, a Frankfurt-based provider of analytics and pricing systems for fixed-income securities, for an undisclosed sum.
Ion, which provides dealing systems for electronic fixed income markets, says the acquisition is in line with its aim to provide integrated components that streamline all aspects of front-office trading while reducing deployment, maintenance and integration costs.
Andrea Pignataro, CEO and founder of Ion, says: "We view the pricing functionality of finvision's software, designed specifically for European fixed-income market-makers, as highly complementary to our trading and quoting products."
Under the deal finvision's co-founders Jens Kramer and Markos Mouzouris will remain as directors of the acquired business and join the Ion management team.
Earlier this month Ion also acquired Aurora Software, New York-based supplier of fixed-income dealing systems.