ION, a global enabler of trading, analytics, treasury, and risk management solutions for capital markets, commodities, and treasury management, announces that it is an empaneled vendor with the National Stock Exchange of India (NSE).
This milestone registers ION’s Fidessa trading platform for “equities, futures and options (F&O), and algorithmic trading on the NSE.”
Following an evaluation, the NSE has certified the Fidessa trading platform’s functionality as compliant with “all relevant exchange rules and regulatory standards.”
Exchange members may now use the Fidessa solution for equities and F&O trading on the NSE, “including for Direct Market Access (DMA) and Smart Order Routing (SOR).”
Fidessa also provides exchange members with “access to 22 different algorithmic trading strategies.”
The NSE is reportedly one of the world’s largest derivates exchanges by number of contracts traded, and “third largest equities exchange by number of trades.”
It has been instrumental in “developing Indian capital markets, introducing innovative products like the flagship NIFTY 50 index.”
Robert Cioffi, Global Head of Equities Product Management at ION Markets, said:
“ION is pleased to partner with one of the world’s premier exchanges, and our successful NSE empanelment reflects the Fidessa platform’s position as a trusted and effective solution for brokers trading in the Indian market. As a key strategic region for ION, India presents significant opportunities, and we are excited to bring our cutting-edge trading solutions to the market.”
Sandeep Sabnani, Product Strategy and Growth, Equities at ION Markets, said:
“ION’s empanelment with the NSE marks a significant milestone, with our software now approved for multi-asset trading on India’s largest exchange. This accomplishment demonstrates ION’s commitment to supporting India’s trading community with best-in-class technology solutions. Our goal is to empower brokers and banks to grow their business via a scalable, reliable, integrated offering that addresses India’s unique and evolving trading needs.”
As noted in the update, ION says that it “provides mission-critical trading and workflow automation software, analytics and insights, and strategic consulting to financial institutions, central banks, governments, and corporate organizations.”
Their solutions and services “simplify complex processes, boost efficiency, and enable better decision-making.”
They build partnerships with clients, helping “transform their businesses for sustained success through continuous innovation.”
As mentioned in the announcement, ION Markets provides transformative technology and solutions to financial institutions that are “dealing in equities, fixed income, foreign exchange, cleared derivatives, asset management, and secured funding.”
Their solutions aim to simplify clients’ operations by automating the full trade lifecycle, providing tools to “manage risk, and maximizing access to liquidity, while giving real-time access to critical information required for timely operational decisions and execution on a global scale.”