ION wins ‘Best SOR application’ at TTI Europe Awards 2024
LONDON – 01 March 2024: ION, a global leader in trading and workflow automation software, high-value analytics and insights, and strategic consulting to financial institutions, central banks, governments, and corporates, announces that FastTrade MBP – developed by ION-owned LIST – won ‘Best smart order routing (SOR) application’ at the TradingTech Insight (TTI) Awards Europe 2024.
The annual TTI Europe Awards recognize excellence in trading solutions, services, and consultancy for capital markets, focusing on vendors that provide exceptional trading infrastructure, trading technology, and data solutions. To determine the category winners, the TTI Europe Awards program combines the results of online voting with input from the TTI Advisory Board. This year’s TTI Europe Awards ceremony coincided with the TradingTech Summit 2024 in Canary Wharf, London.
FastTrade MBP is LIST’s multi-asset order management system (OMS) and execution management system (EMS) front office platform. Its embedded SOR engine, liquidity aggregation capabilities, and programmable algo trading framework deliver best execution across multiple trading venues and different asset classes.
Order execution can be fully automatic (low touch), manual (high touch), or a combination of the two (both ways: high touch child orders may be released to an automated algorithm; an unexecuted low touch order can end up in the blotter for manual intervention). Key features of FastTrade MBP’s configurable SOR and best execution workflow include liquidity aggregation and price discovery; pre-trade transaction cost analysis (TCA); optimized, multi-venue execution; and reporting.
“We are thrilled that FastTrade MBP won ‘Best SOR application’ at the TTI Europe Awards 2024,” says Mirko Marcadella, Chief Product and Marketing Officer at LIST. “As trading and execution become increasingly competitive, vendors seek to differentiate themselves. FastTrade helps our clients stand out against the competition. The platform complies fully with existing regulations on automated trading – notably MiFID II requirements on best execution, transparency, and algorithmic trading. And it offers an out-of-the-box, comprehensive, fully customizable solution for multi-asset best execution.”
Evidencing ION’s track record for award-winning products, ION Fidessa won ‘Best Sell-Side OMS’, and FastTrade won ‘Best SOR System’ at the TTI Europe Awards 2023. And FastTrade won ‘Best SOR System’ at the TTI Europe Awards 2022, while ION MarketFactory won ‘Best Low Latency Data Feed Provider – Managed’ at the same forum.
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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/.