Dash Financial Technologies Acquires Prime Brokerage Solution Provider eRoom Securities LLC - The Industry Spread

Karthik Subramanian

Karthik Subramanian has been a professional trader and fund manager over the last 18 years. He is basically a software developer who made the transition to financial domain around 18 years back as the attractiveness of the financial markets proved too much for him. He lives in Chennai in India along with his wife and son. He began his career as a software developer in 1999 and then gradually moved into the financial industry as he began trading stocks in his pastime. He then moved into the financial markets full time and then shifted his focus to the FX markets due to the liquid nature of these markets. Since then, he has been trading FX diligently and his favourite pair are the EURUSD and EURJPY. Over the last couple of years, he has found blockchain to be of high interest and considering his background in software and finance, he has since assembled a team of highly talented developers who have since worked on a variety of projects like crypto exchanges and blockchain architecturing. Now, he balances his time between trading and commenting on both the FX and crypto markets. He has worked with many publications including FX Street and Finance Magnates, which has helped him gain experience and also recognition across the industry. He loves to write and this passion has helped him to reach out across the FX and crypto industry. Right now, he works on his pet projects in the FX and crypto industry and spends his time writing and managing his blockchain team and helping it to reach higher.

Dash Financial Technologies

Dash Financial Technologies Acquires Prime Brokerage Solution Provider eRoom Securities LLC

December 6, 2018
Peter Maragos, CEO of Dash Financial Technologies
Peter Maragos, CEO of Dash Financial Technologies

Dash Financial Technologies, the provider of award-winning technological solutions for transparent trading technologies to institutional entities has announced the acquisition of eRoom Securities, LLC and the transaction is expected to conclude by the end of first quarter of 2019.

eRoom Securities, LLC is a Chicago-based provider of prime brokerage solutions and once it is acquired by Dash Financial, it will be rebranded as Dash Prime and there will be no change in the management team and will continue to be led by Collin Carrico and Ben Schwartz. The deal is subject to regulatory approval.

Dash Prime will help to bring technology and services to the professional trading community. Currently, eRoom provides brokerage services suite ranging from multi-asset trading technology, agency execution, risk management, reporting and clearing services. The company offer its services to institutional clients, hedge funds and professional investors.

Commenting on the acquisition, Peter Maragos, the CEO and Co-Founder of Dash Financial Technologies said:

eRoom Securities“The professional trading community requires the kind of high performance, customizable technology solutions that lend themselves perfectly to Dash’s transparent, innovative and technology-driven approach.”

“Collin and Ben have built a tremendous business with a loyal client following – we look forward to partnering with their talented team to create Dash Prime and expanding the offering to deliver it to a wider segment of the professional trading community.”

Collin Carrico added:

“Joining forces with Dash puts us at the leading edge of technology and enables us to broaden our prime services suite to create more opportunities for our current and future clients. With access to a much wider suite of institutional solutions, we can now offer our clients the ability to solve more problems while passing along the scale and efficiencies technology enables.”

Login To MyTis Comment Or Register to MyTIS

Leave a Reply

avatar
  Subscribe  
Notify of

Newsletter

Register now to receive the latest news and information for global trading industry.

Latest Articles