In an official release, ETX Capital states they are delighted to announce the acquisition of Ariel Communications, a leading multi-asset trading platform provider.
ETX Capital is a global provider of financial trading services, including CFDs, Financial Spread Betting, and Forex, based in the City of London. The company has a strong and growing retail business as well as a high net worth and institutional business.
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Executive Chairman of ETX Capital, John Wilson said: “By controlling our own technology we will be able to deliver to customers the trading experience they want, when they want it and where they want it. The acquisition of Ariel brings us preeminent trading technology, significant IP and control.”
Ariel Communications has successfully grown its business to be a leading provider of feature rich, low latency, web based and mobile trading and charting technology together with middle and back office products.
Founded in 1995, Ariel Communications Ltd has been a market leader in developing derivative and foreign exchange software systems. Ariel provides financial institutions with everything from individual software components to entire trading platforms. These are available ‘off-the-shelf’ or ‘turnkey’, stand alone or seamlessly integrated within a customer’s existing system.
Together, the two companies will be able to quickly develop products to respond to the demands and changing requirements of customers, as well as fully integrating customer acquisition, trading and service.
Simon Cox, CEO of Ariel Communications, commented: “We are delighted to be working with ETX Capital to deliver cutting edge trading technology and a market leading client experience to a global customer base.”