CME Group has agreed to buy London-based electronic trading and market technology vendor Elysian Systems. Financial terms of the deal were not disclosed.
Elysian claims more than 200 banks, brokers and exchanges worldwide use its technology to participate in global, electronic markets and receive real-time data.
The firm's flagship offering, Liquid Trading Platform, facilitates online trading across a range of products including energy and agricultural commodities and credit default swaps.
CME says it will combine Elysian technology with its ClearPort over-the-counter clearing services, enabling it to provide customers with a single interface to aggregate access to diverse energy markets. Currently, customers must search for the best price across a number of markets by comparing quotes offered through various trading and execution platforms.
Creating a single interface allows more efficient access to these markets, as well as the added benefits of straight-through-processing and the safety and security of central counterparty clearing, says the exchange operator.
Joe Raia, MD, energy and metals products, CME Group, says: "By acquiring Elysian and its distribution to over 1400 screens in over 200 trading companies, CME Group is reaching another important milestone in our efforts to deliver an end-to-end solution direct to customers' and brokers' desks. We look forward to expanding this technology to other OTC asset classes and markets to benefit our clients worldwide."