Ion-Broadway merger approved with strings attached

Broadway chief executive Tyler Moeller leads consortium to buy divested fixed income business

Ion-Group-headquarters-One-New-Change
Ion Group’s headquarters at London’s One New Change
Flickr | Peter Alfred Hess

The UK competition regulator has approved the merger of Ion Investment Group and Broadway Technology on the proviso that Ion sells Broadway’s fixed income business, including the underlying software and brand, to a consortium led by Broadway chief executive Tyler Moeller.

The agreement paves the way for Ion to acquire Broadway’s FX business, and effectively brings the Competition and Markets Authority’s probe of the deal to a close. A source familiar with the process confirms that once the CMA

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