WatersTechnology: DASH Signs Off on eRoom Securities Acquisition

By Jen Fagenson

December 6, 2018

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DASH has signed a definitive agreement to acquire eRoom Securities, a Chicago-based provider of clearing, reporting and brokerage technologies, for an undisclosed amount, reports Josephine Gallagher of WatersTechnology.  The move marks DASH’s entrance into the brokerage space and follows on from last year’s merger in March with LiquidPoint, Convergex’s options trading and technology business. The eRoom platform will be rebranded as DASH Prime and will continue to be headed up by eRoom Securities’ current CEO, Collin Carrico, and president, Ben Schwartz.

Peter Maragos, the CEO, and co-founder of DASH says both platforms will eventually be integrated and the move will mean that eRoom clients will have access to DASH’s suite of multi-asset routers, algorithms, and trading tools, as well as transparency, reporting, and analytics capabilities. The acquisitions will allow DASH to provide prime brokerage services for the first time.

To read the full article, click here.