Marex will use the ION Fidessa solution to manage their equity market making business for European flow
London – 21st April 2021: ION, the largest global provider of trading, analytics, and risk management solutions for capital markets, commodities, and treasury management, announced that Marex, has chosen the ION Fidessa Equity Trading Platform to grow their European equity market making business.
Marex are a leading broker, market maker and clearer in the world’s financial and commodities markets. A market leader in the commodities space, across metals, energy and agricultural markets, the firm are now looking to expand their equities offering in Europe.
Paolo Tonucci CFO and COO of Marex commented: “We’ve been partnering with the ION team since 2006 for our global commodities franchise and they were the logical choice for us as we expand into equities market making. The ION Fidessa trading platform is a market leader in the equities space and is very much the platform of choice for the industry.”
Justin Hobday, ION Markets Equities Chief Technical Officer, added, “We’re delighted that Marex has chosen our solution to introduce their Equities offering in Europe, providing institutional and RSP services”.
ION’s Fidessa Equity Trading Platform delivers an award-winning equities platform comprising comprehensive market making tools, access to the RSP network, trading and risk tools in one unified solution with a strong focus on automation, simplicity and reliability.
Marex is a technology-enabled provider of essential liquidity and associated market infrastructure to participants in global commodities and financial markets.
The firm provides comprehensive breadth and depth of coverage across four core services: Market Making, Commercial Hedging (both on exchange execution and clearing, and OTC derivatives), Price Discovery and Data/Advisory. It has a leading franchise in many major Metals, Energy and Agricultural products, executing around 35 million trades and clearing over 175 million contracts in 2020. The firm provides access to every major commodity market in the world, covering a broad range of clients that include the largest commodity producers, consumers and traders, banks, hedge funds and asset managers.
The Group was formed in 2011, but traces its roots in the commodity markets back almost 100 years. Headquartered in London with 18 offices worldwide, the group has nearly 1,000 employees across Europe, Asia and America.
For more information visit www.marex.com
About ION Group
ION provides mission-critical trading and workflow automation software solutions to financial institutions, central banks, governments, and corporations. For more information, visit www.iongroup.com.
All product and company names herein may be trademarks of their registered owners.