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  6. Dash Financial Technologies Acquires eRoom Securities

M&A Deal Summary

Dash Financial Technologies Acquires eRoom Securities

On December 6, 2018, Dash Financial Technologies acquired information technology company eRoom Securities

Acquisition Highlights
  • This is Dash Financial Technologies’ 1st transaction in the Information Technology sector.
  • This is Dash Financial Technologies’ 1st transaction in the United States.
  • This is Dash Financial Technologies’ 1st transaction in Illinois.

M&A Deal Summary
Date 2018-12-06
Target eRoom Securities
Sector Information Technology
Buyer(s) Dash Financial Technologies
Deal Type Add-on Acquisition
Advisor(s) Sandler O'Neill + Partners (Financial)
Paul Hastings (Legal)

Target

eRoom Securities

Chicago, Illinois, United States
eRoom Securities, LLC provides multi-asset trading technology, agency execution, risk management, clearing and reporting capabilities to professional traders, institutions and hedge funds requiring advanced prime-brokerage solutions. Specializing in catering to firms using strategies involving equity derivatives, eRoom’s highly-experienced team tailors this comprehensive suite to best meet individual operational requirements and nuance, allowing clients to focus on the business of trading while ensuring best practices throughout the process.

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Buyer(S) 1

Buyer

Dash Financial Technologies

New York, New York, United States
Category Company
Founded 2009
Sector Information Technology
DESCRIPTION

Dash Financial Technologies LLC is a provider of options and equities agency execution services to both buy-side and sell-side institutions. Dash offers a variety of software tools for traders, a regulatory technology suite, and various data/analytics offerings. Through the Dash platform, clients can devise bespoke routing and algorithmic strategies calibrated to their precise execution objectives, with Dash’s trade desk acting as a consultative guide during this process. Dash Financial Technologies LLC was founded in 2009 and is based in New York City.

DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Illinois M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2018 M&A 1 of 1
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