DASH Financial Technologies (“DASH”), the leading options technology and execution provider in the U.S., announced that ION Investment Group (“ION”) has entered into a definitive agreement to acquire the company from Flexpoint Ford, LLC (“Flexpoint Ford”).
“This is a very exciting moment for our firm as we embark on the next chapter of growth. Under ION’s ownership, we will continue to invest in product innovation that drives value for our clients while also benefiting from ION’s global reach and established network of relationships,” said co-founder Peter Maragos, who will continue to serve as CEO of DASH. “We are incredibly grateful for the contributions and support we received from Flexpoint Ford and are thrilled about what this new partnership allows us to do for our clients.”
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Andrea Pignataro, ION’s CEO said: “DASH’s solutions optimize and improve execution quality and transparency for both the buy-side and sell-side. DASH was built on the ethos of great technology, deep domain expertise and strong customer service. DASH’s team is additive to the DNA of our ION Markets division, particularly with their domain expertise in options and customer-centric approach.”
Steve Begleiter and Daniel Edelman, both Managing Directors at Flexpoint Ford, said: “DASH has built the leading technology and execution platform in the options space. We very much enjoyed working with them; they did a tremendous job of executing on both organic growth initiatives as well as accelerating growth through acquisition efforts.”
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