LONDON, June 25,
2024 /PRNewswire/ -- ION, a global leader in
mission-critical trading and workflow automation software,
high-value analytics, and strategic consulting, announces the
successful integration of its fixed income solutions with XTP
Execution, extending client access to a range of futures markets
for trading and market data.
In today's highly competitive and volatile market, banks and
brokers are increasingly turning to consolidated trading platforms
to optimize front-office efficiency and access liquidity across a
larger number of venues.
ION's XTP Execution (XTPE) is an automated front-office trade
workflow solution developed for cleared derivatives trading. It
provides users with integrated order management capabilities,
advanced order execution, direct connectivity to all major global
exchanges, and indirect access to local exchanges through a broad
network of execution brokers.
Integrating XTPE with ION Desktop and ION Bus will give ION's
fixed income clients access to an extended range of futures
markets, offering centralized, seamless access for users. Dealers
will be able to access markets without the need to be an exchange
member. For dealers already using XTPE for their FCM activity, it
provides an option to consolidate their futures connectivity across
FCM and FI business lines.
In addition to reducing their time to market to access extra
liquidity, clients will benefit from reduced support and
infrastructure costs, making global trading operations more agile
and cost-efficient.
The integration of ION's fixed income solutions and XTPE comes
at a time when trading volumes are increasing, and the need for a
greater range of connectivity options is on the rise. For ION, this
initiative is part of a broader strategy to expand the choice
available to clients and bring significant benefits in internal
costs.
Tommaso Di Grazia, Head of
Fixed Income Product Development, ION Markets, says: "We are in
continuous dialogue with our clients to understand their evolving
needs, such as the need for a consolidated trading platform that
can transform front-office efficiency. In response, we are proud to
have integrated our flagship fixed income solutions with XTP
Execution. The integration will offer our clients the enhanced
connectivity and agility they need to differentiate in a
challenging market landscape."
Francesco Margini, Chief
Product Officer for Cleared Derivatives, ION Markets,
adds: "XTP Execution has long provided firms in the
derivatives industry with centralized access to brokers and
exchanges. We are delighted that our fixed income solutions clients
will now also be able to enjoy this advantage through this latest
integration. At ION Markets, our priorities are to keep innovating
and deliver best-in-class solutions to our clients."
About ION
ION provides mission-critical trading and workflow automation
software, high-value analytics and insights, and strategic
consulting to financial institutions, central banks, governments,
and corporate organizations. Our solutions and services simplify
complex processes, boost efficiency, and enable better
decision-making. We build long-term partnerships with our clients,
helping transform their businesses for sustained success through
continuous innovation. For more information, visit
https://iongroup.com/
About ION Markets
ION Markets provides transformative technology and solutions to
financial institutions dealing in asset management, cleared
derivatives, equities, fixed income, foreign exchange, and secured
funding. Our award-winning end-to-end solutions simplify clients'
operations by automating the entire trade lifecycle, providing
tools to manage risk, and maximizing access to liquidity, while
giving real-time access to critical information for timely
operational decisions and execution on a global scale. For more
information, visit https://iongroup.com/markets/
All product and company names herein may be trademarks of
their registered owners.
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SOURCE ION