ION wins ‘Best TMS Provider with FX Module’ at Global Finance GW Platt FX Tech Awards 2023
London – 11 Jan 2023: ION — a global leader in trading and workflow automation software, high-value analytics and insights, and strategic consulting — has won the ‘Best TMS Provider with FX Module’ in the GW Platt Foreign Exchange (FX) Tech Awards 2023.
Hosted by Global Finance, the GW Platt FX Awards celebrate technological innovation that has helped the FX industry become more agile and resilient amid disruption. The awards also recognize providers of tools to address major challenges, such as liquidity sourcing, trade execution, and fair access to market data. Introduced in 2021, the FX Tech Awards honor companies that conceive fresh ideas and execute flawlessly in designing or deploying technology to improve FX.
Global Finance’s regional experts consider submissions and use their own research and knowledge to make shortlists in all regions and categories. They then apply a bespoke algorithm including FX transaction volume, market share, scope of global coverage, customer service, competitive pricing, and innovative technologies to choose the FX Tech Award winners.
The 2023 award winners were announced in a feature article published in the January 2023 edition of Global Finance magazine. The citation for ION reads: “Transparency is another bonus for FX execution. The Best Trade Management System (TMS) Provider with FX Module, ION unveiled its new compliance cloud solution providing greater investment clarity, real-time oversight of pre- and post-trading, and full coverage of asset types and geographies.”
“Winning Best TMS Provider with FX Module at the GW Platt FX Awards 2023 is an achievement that we are very proud of,” says Eugene Markman, CEO of ION MarketFactory and COO of ION Markets (FX). “It attests to the value-add of our complete and scalable solutions for FX trading, trade management, risk management, and operations.”
Markman adds that ION was also recognized in last year’s GW Platt FX Awards. “We won the ‘Best API Trader’ category for our MarketFactory futures product, which covers all FX workflows and instruments, with speeds of 5-7 microseconds, giving access to equities, energy, rates, and agriculture,” he explains.
About Global Finance GW Platt FX Awards
Hosted by the international Global Finance magazine, the GW Platt Foreign Exchange (FX) Awards have been running for 22 years. The awards 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. The FX Tech Awards class, which made its debut in 2021, honors companies that conceive fresh ideas and execute flawlessly in designing or deploying technology to improve foreign exchange.
Global Finance is an international monthly finance magazine and part of the Italian Class Editori Group. It has an established readership of around 50 000 senior financial leaders and officers across 163 countries. For more information, visit https://www.gfmag.com/
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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/.