Dash Financial and LiquidPoint have agreed to merge to create financial technology company Dash Financial Technologies. LiquidPoint is Convergex’s options trading and technology business. Convergex is backed by GTCR. The PE firm will own a majority stake in the combined company.
Peter Maragos, who will lead DFT as CEO, says the combined company is positioned to “help the buyside, sellside and exchanges navigate the ever-evolving market structure and regulatory environment.”