The planned acquisition of treasury technology company Wall Street Systems (WSS) by Ion Trading, an electronic trading, pricing and risk management systems provider, could lead to increased functionality for treasury workstations.
For WSS clients, the implications of the deal, announced in April for an undisclosed sum, will hinge on Ion's longer-term strategy.
But in the short run, "there is a logical integration between Ion Trading and Wall Street Systems in terms of their capabilities for the pre-trading and post-trading of asset classes," says Enrico Camerinelli, a senior analyst at Aite Group.
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