ION launches XTP Spark to simplify post-trade processing
Quick to deploy, XTP Spark is a new turn-key solution for Cleared Derivatives processing.
London – 18 October 2022: ION, a global leader in trading, analytics, treasury, and risk management solutions for capital markets, commodities, and treasury management, has today launched XTP Spark, a turn-key trade processing solution for Cleared Derivatives.
Based on ION’s award-winning XTP solution, XTP Spark is a quick-to-deploy and simple-to-use option. It’s ideal for banks and brokers, commodity trading firms, or niche clearers who are starting their digitalization journey and who require fast, efficient, and accurate back-office functionality that fulfills client, regulatory, and exchange requirements.
Francesco Margini, Chief Product Officer for Cleared Derivatives at ION Markets, said, “We believe advanced back-office automation should be accessible to everyone. That’s why we’ve created XTP Spark. It’s a powerful, out-of-the-box solution offering comprehensive back-office functionality. Users can spin up XTP Spark in weeks, transforming their back-office complexity into simplicity, for good.”
XTP Spark enables top-day processing thanks to its real-time clearing and settlement capabilities. XTP Spark streamlines and automates workflows, eliminating redundant manual steps within a robust control framework.
Built on ION’s scalable and modular technology, XTP Spark provides everything businesses need for efficient and accurate back-office operations, supporting future growth.
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About ION Group
ION Group provides mission-critical trading and workflow automation software, high-value analytics and insights, and strategic consulting to financial institutions, central banks, governments, and corporates. 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 business 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 equities, fixed income, foreign exchange, cleared derivatives and secured funding. Our award-winning end-to-end solutions 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. For more information, visit https://iongroup.com/markets/.