ION’s XTP offering will be expanded with real-time margin and risk management and monitoring services for cleared and uncleared OTC derivatives.
ION Markets, an international provider of analytics, trading, and risk management solutions for capital markets, has confirmed its acquisition of Clarus Financial Technology, a provider of software-as-a-service (SaaS) analytics, data, and research for global derivatives markets.
Derivatives markets are being enhanced with updated regulatory requirements along with the adoption of innovative tech and SaaS analytics.
As a key part of ION Markets, Clarus will be providing its SaaS analytics products for real-time margin and risk management of cleared and uncleared over-the-counter (OTC) derivatives. These should help with broadening ION’s XTP offering and complement ION’s JANUS pricing and valuation expertise with Initial Margin for OTC derivatives, and providing new portfolio risk management analytics.
Clarus’ functionality should allow companies to adhere to the updated Uncleared Margin Rules (UMR) regulation for OTC derivatives.
Clarus’ data offers greater transparency into derivatives trading, covering Exchanges, Clearing Houses, Execution Venues, and Trade Repositories. This data is required for buy and sell-side participants, brokers, service providers and regulators to accurately analyze, inform, monitor, and participate in traded markets.
Clarus also offers market commentary and analysis on derivatives markets, delivered via the Clarus Blog, which reportedly has more than 20,000 active monthly users.
Hishaam Caramanli, ION Group Chief Product Officer, stated:
“The acquisition of Clarus expands ION Markets’ offering within its XTP platform, further automating and simplifying the post-trade derivatives business. This strategic expansion demonstrates ION Markets’ leading position as provider of capital markets management solutions and our ongoing focus on digitising and automating workflows.”
Amir Khwaja, CEO of Clarus Financial Technology. remarked:
“OTC derivatives is a market with regulatory tailwinds driving change and SaaS analytics and data is essential for success. As part of ION Markets, Clarus will be able to best capitalise on this trend, maximising the ability to serve customers while providing complementary services to ION’s XTP, JANUS, and other ION Group offerings.”