ION wins ‘Best API Trader’ for Global Finance GW Platt FX Tech Awards 2022

12 January 2022

GW Platt FX Awards 2022 by Global Finance Magazine’s named ION Group’s MarketFactory as the Best API Trader.

A feature on the awards in Global Finance’s January 2022 issue read:
“ION Group won Best API Trader for its MarketFactory futures product, which covers all FX workflows and instruments, with speeds of 5-7 microseconds, giving access to equities, energy, rates and agriculture. Following a recent upgrade, MarketFactory’s Whisperer API now supports all FX instruments: spot trades, forwards, nondeliverable forwards, swaps, nondeliverable swaps, options and futures.”

Global Finance’s GW Platt FX Awards have been running for 22 years and 2021 was the debut year for its ‘Tech’ class. The FX Tech Awards were introduced to celebrate technological innovation that has helped the FX industry become more agile and resilient amid disruption and/or has helped provide tools to address major challenges, such as liquidity sourcing, trade execution and fair access to market data.

Global Finance is an international monthly finance magazine and part of the Italian Class Editori Group.

MarketFactory launched Whisperer in 2010 to provide a low-latency product that would allow clients to connect seamlessly to the diverse and growing FX market. Using Whisperer, banks, funds, ECNs, and brokers would benefit from greater access to liquidity and end clients. Today, MarketFactory’s clients include 25% of Euromoney’s top 50 global banks. Whisperer API can connect to over 100 venues, with many more venues released monthly.

In 2020, MarketFactory embarked on an ambitious project to create version 2.0 of Whisperer, called Whisperer Enterprise. Through Whisperer Enterprise, clients can:

  • Experience Speeds of 5-7 microseconds, 1000 times faster than other market solutions.
  • Get coverage for all FX workflows and instruments.
  • Access equities, energy, rates, and agriculture through our futures product.

The last 12 months have seen turbulent market conditions and prolonged market data spikes. Despite this, MarketFactory customers had zero connection issues. Our API and platform successfully handled the marked increase in data and the spikes around monthly non-farm payroll numbers. Whisperer performed impeccably as a high-throughput, low-latency product. It handled over 100,000 messages per second and kept latency down to 5-7 microseconds. The Whisperer API now supports all FX instruments: spot, NDFs, swaps, forwards, NDSs, options, and futures. Our future offerings go beyond FX to include equities, energy, rates, and agriculture.

We recently expanded MarketFactory’s global footprint, adding SG1 and Aurora co-locations to our existing NY4, LD4, and TY3 co-location spaces. We can now fully support our client’s physical and virtual connectivity needs in all regions, 24/7.

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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

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