ION wins two categories at Trading Tech Insight Europe Awards 2023
LONDON – 28 February 2023: 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, won two awards at Trading Tech Insight (TTI) Europe Awards 2023. ION Fidessa won ‘Best Sell-Side Order Management System (OMS)’ and ION-owned LIST’s FastTrade won ‘Best Smart Order Routing (SOR) System’.
The annual TTI Europe Awards recognize excellence in trading solutions, services and consultancy for capital markets, and focus on vendors providing exceptional trading infrastructure, trading technology, and data solutions. To determine the category winners, the TTI Europe Awards program conducts voting online, and combines the results with input from the TTI Advisory board. This year’s TTI Europe Awards were announced during the TradingTech Summit 2023 in London.
The ION Fidessa platform provides everything required for equities trading in a single integrated solution. This includes a range of options for automating equities workflows using pre-configured algorithms, smart order routing, and pairs trading. The platform gives users access to over 100 markets for member trading and 600 brokers for non-member trading, and FIX connectivity to more than 6,500 buy-sides around the world. Ready connectivity to both lit venues and dark pools allows users to expand their access to liquidity.
Recent innovations include Fidessa’s algorithmic wheel capability, which allows users to tailor direct strategy order flow for specific clients. Also Fidessa’s Automation Engine, which allows users to scale their business by building customized workflows quickly and easily.
An OMS and execution management system (EMS) front office platform, FastTrade uses an SOR System, liquidity aggregation capabilities, and a programmable algo engine to deliver the best execution across multiple trading venues and asset classes. The module can be low-touch or high-touch, able to be automatically engaged by the OMS, or manually triggered when executing a care order or incorporated into the child order releases of an execution algorithm. Moreover, the workflow suits different trading and execution models for many asset classes and can be modified for a clients’ proprietary business logic.
An out-of-the-box, comprehensive, fully customizable solution for multi-asset best execution, FastTrade is fully compliant with existing regulations on automated trading (including MiFID II requirements on best execution, transparency, and algorithmic trading). Recent innovations include the extension of FastTrade’s SOR to improve its B2C markets functions.
“Winning Best Sell-Side OMS is a feather in Fidessa’s cap,” says Bob Cioffi, Global Head of Equities Product Management for ION Markets. “The award confirms the value-add of the platform as a complete automated trading solution for equities, equipping our clients to unify their operations, simplify their workflows, and boost their efficiency.”
“We are thrilled that FastTrade won Best SOR System,” adds Mirko Marcadella, Chief Product and Marketing Officer at LIST. “As trading and execution become increasingly competitive, it’s important for vendors to differentiate themselves in the market. FastTrade stands out against the competition as a flexible, comprehensive, yet fully customizable solution supporting different asset classes, helping clients meet their individual goals.”
Further evidencing ION’s track-record for award-winning products, FastTrade won ‘Best Smart Order Routing System’ at TTI Europe Awards 2022, while ION MarketFactory won ‘Best Low Latency Data Feed Provider – Managed’ at the same forum.
About Trading Tech Insight Europe Awards
The TTI Europe Awards recognize excellence in trading solutions, services and consultancy for capital markets, and focus on vendors providing exceptional trading infrastructure, trading technology, and data solutions. They shine a spotlight on trading solutions and services, along with the vendors that provide an exceptional trading infrastructure, and technology. In this rapidly changing industry, these awards are designed to recognize the vendors that overcome those challenges and achieve excellence.
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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/.