CME Group, the world's leading and most diverse derivatives marketplace, today announced that it has entered into an agreement to acquire London-based Elysian Systems Ltd., an independent provider of electronic trading and market technology. CME Group expects closing of the acquisition to occur later today.
By combining Elysian technology with CME ClearPort over-the-counter (OTC) clearing services,
This new offering will be fully integrated with
More than 200 banks, brokers and exchanges worldwide currently use Elysian technology to participate in global, electronic markets and receive real-time market data. Elysian's flagship technology product, the Liquid Trading Platform, facilitates online trading across a range of financial products including energy and agricultural commodities and credit default swaps. This technology complements and increases the liquidity of existing voice-brokered markets by allowing traders and brokers to submit their orders in a global electronic marketplace.
"Our end user customers and inter-dealer broker partners have increasingly been seeking out straight-through-processing and a front-end for trading and execution in global OTC energy markets," said
"Elysian has always been committed to developing technology that facilitates price discovery for global market participants," said Julian Anstes, former Elysian CEO and now Director, CME Group End-to-End Technology Integration. "By joining
Financial terms of the sale were not disclosed.