ION’s Fidessa Surveillance named Best Solution for Records Retention at RegTech Insight Europe Awards
London, 19 May 2023: ION, a global leader in mission-critical trading and workflow automation software, high-value analytics, ad strategic consulting, announces that its Fidessa Surveillance solution has won Best Solution for Records Retention at the RegTech Insight Europe Awards.
Hosted by A-Team Group, the RegTech Insight Europe Awards recognize RegTech solutions that improve firms’ ability to respond effectively to the evolving and ever more complex regulatory requirements across the global financial services industry. Fidessa Surveillance, developed by LIST – an ION company – is a multi-asset solution for record-keeping, to which market surveillance, regulatory reporting, and business analytics can be added. The solution’s rich functionality earned it the top honors.
Given the effects of globalization and resulting similarities in regulation worldwide, trading systems must manage high-frequency market data; extend record-keeping components to deal with all trading activity; and process legal entities’ and personal data. With over 35 years’ experience in providing trading and compliance solutions and industry knowledge, LIST developed Fidessa Surveillance as a single, unique, and normalized data model that addresses the markets’ evolving regulatory demands.
By design, Fidessa Surveillance is a robust, reliable, and flexible buy-and-sell-side solution, prioritizing data quality enforcement during collection, data validation, easy integration, and correlation across multiple sources. The solution offers accurate reporting and comprehensive detection of abusive behavior. And it navigates all major regulatory landscapes and complies with European surveillance regulations, meeting the obligations embodied in MAD/MR, Canada, Hong Kong, India, Indonesia, Singapore, and the USA.
“Naming Fidessa Surveillance as the Best Solution for Records Retention reflects ION’s commitment to delivering innovative solutions to meet our customers’ evolving needs,” said Robert Cioffi, Global Head of Equities Product Management, ION Markets. “We are proud that the LIST–developed solution can cope with the unprecedented growth in new trading regulations over the past few years.”
“We are thrilled that Fidessa Surveillance has been honored for its exceptional record retention,” said Mirko Marcadella, Chief Product and Marketing Officer. “The solution can process large amounts of data and offers a workflow management system with built-in connectivity for reporting entities and National Competent Authorities.”
An ION company, LIST is a leading financial technology provider to the global trading community, including trading venues, market makers, brokers, asset managers, risk managers, and compliance officers. LIST’s innovative turnkey products and delivery, driven by customers’ needs, play a key role in supporting successful business growth in today’s volatile times. Continuous innovation and client partnerships around the globe have built trust and reliance on LIST’s unique real-time and data analytics capabilities.
About RegTech Insight Europe Awards
The annual RegTech Insight Awards – Europe recognizes RegTech solutions that have successfully improved firms’ ability to effectively respond to the evolving and ever more complex regulatory requirements across the global financial services industry. For more information, visit https://a-teaminsight.com/awards/regtech-awards.
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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/.