Ballista is a registered broker/dealer that offers an electronic options platform for the execution of block-sized and complex multi-leg options transactions.
ICE said Ballista will augment its existing initiatives in the options market, which began with YellowJacket’s entry into the off-exchange negotiated market last year.
YellowJacket, a wholly owned subsidiary of ICE, is a leading options negotiation platform. The Ballista system will be incorporated into the YellowJacket workflow.
YellowJacket CEO Jacob Pechenik said as ICE continues to introduce efficiencies and additional tools for the negotiated options market, the acquisition and integration of Ballista with YellowJacket is an important step in serving these markets.
Ballista will be operated as a wholly owned subsidiary of ICE.
Terms of the transaction were not disclosed.
