UK watchdog has competition concerns over Ion-Broadway deal

Trading tech giant has five days to address issues, or face months-long investigation

Partner query

The UK’s competition watchdog has found Ion’s purchase of Broadway Technology raises competition concerns in the supply of electronic trading systems for fixed income, but not foreign exchange.

The verdict is based on a three-month initial probe by the Competition and Markets Authority. A full investigation may now follow, during which time Ion and Broadway would have to freeze integration work.

In a statement published today, the CMA describes Ion as “by far the largest” supplier of fixed

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here