Regulator Drops ION's Fintech Merger Probe After Spinoff

Law360, London (November 10, 2020, 2:39 PM GMT) -- Britain's antitrust regulator said on Tuesday that it has dropped its probe into a merger in the financial technology sector after ION Investment Group agreed to sell off the fixed income business of its recent acquisition to resolve concerns about stifled competition.

ION has addressed antitrust concerns by agreeing to sell part of Broadway Technology's business, the Competition and Markets Authority said. The two companies provide specialist trading systems to banks and other finance companies, which allows them to trade foreign exchange and fixed income securities such as government bonds.

ION is the largest supplier of fixed income electronic trading systems...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!