XTP Spark Back-office automation for trading businesses of any size

Discover what ION can do for you

The advanced back-office trade processing platform that’s quick to deploy and simple to use

Sometimes, fear of the cost, complexity, and risk of new technology can deter you from investing in the digital transformation your business really needs.

90% of the world’s top banks trust our technology to automate and simplify their processes. They rely on solutions like XTP, our award-winning front-to-back trade processing system for cleared derivatives.

However, our solutions aren’t exclusively for global banks with big budgets and long timelines.

We’re putting advanced back-office automation technology within the reach of everyone. That means start-ups, regional clearers, niche operators, and businesses of any size looking for an easy way to start their digitalization journey.

That’s why we’ve created XTP Spark, the out-of-the box version of XTP that’s quick to deploy and simple to use.

Go live in weeks and get an easily scalable back-office automation platform to support your needs for years to come

XTP Spark is ideal for firms of any size who want fast, efficient, and accurate back-office processing that fulfills client, regulatory, and exchange requirements.

It provides everything your trading business needs for efficient back-office operations today. And it can scale to support your business as you grow in the future.

Built on ION’s scalable and modular technology, XTP Spark is the perfect digital back-office solution for smaller clearing firms with aspirations to expand.

Back-office simplicity starts with XTP Spark.

  • Technology trusted by 90% of the world’s top banks.

  • Fast, efficient, accurate trade processing

  • Go live in weeks

  • Simple to use

  • Easy to scale

  • The easy way to start your digitalization journey

Learn how ION XTP Spark software works

XTP Spark is ideal for firms of any size who want fast, efficient, and accurate back-office processing that fulfills client, regulatory, and exchange requirements. Watch the video to learn more.

XTP Spark

Everything supported in XTP Spark, plus:
Core processing functionality
Back-office trade processing for up to 15 exchanges
Unlimited number of exchanges
Clearing membership functionality
Matching, allocations, regulatory and exchange reporting for up to three clearing memberships
Unlimited number of clearing memberships
Trade regeneration
Trade regeneration, trade linking for two legal entities
Unlimited number of legal entities
Built-in exchange reconciliations, customizable client and internal recs
Built-in exchange reconciliations, customizable client and internal recs
Data porting
Simple data import/export mapper and scheduler
Simple data import/export mapper and scheduler
Plug and play extension modules
Risk Management, Central Limits Management, cOTC Processing, cOTC Analytics
Open API
Real-time data extracts (JDBC API)
Real-time two-way integration via rich set of APIs (Java, C++ and C#, REST, Python)
Data service
Product static, settlement prices, margin parameters, exchange fees
Position limits, ISIN codes, exchange calendar

Key features

  • Do everything you need in one platform

    • Manage all your critical processes and workflows in one solution.

    • Ensure all your processing is timely, accurate, and complete – including your customer and regulatory reporting.

    • Automate manual processes like margin calculations, payments, reconciliations, and management of commission.

    XTP back-office automation software
  • Boost your operational efficiency

    • Process trades in real time and fix issues immediately, minimizing overnight breaks and the need for reconciliations.

    • Easily integrate XTP with your existing business process automation tools.

    • Calculate fees, commissions, and brokerage in a single solution integrated with FIA systems.

    back-office automation tool
  • Give your customers the best possible service

    • Provide your customers with data and analytics in real time and give them interim statements before US markets close.

    • Create web dashboards and reports without needing IT support.

    • Build self-service workflows and deliver tailored solutions by easily integrating internal or external applications.

    XTP software
  • Get a complete, real-time view of your business

    • Get accurate, up-to-the-minute information about all your trading activity with continuous processing.

    • Monitor your exposure – and your clients’ exposure – to central clearing counterparties and third-party brokers.

    • Calculate accurate exchange fees and commissions using our global exchange fee database.

    XTP spark features

Enhance your solution with optional value added modules

Achieve even more with your XTP solution by adding features that meet your specific needs.

Latest Markets awards

RegTech 100 list 2024

RegTech 100 list for 2024.

FOW International Awards 2020

Risk Management Solution of the Year

FOW International Awards 2020

Post Trade System of the Year

FOW International Awards 2019

Best New Product – Trade Reconciliation

Related products

  • XTP

    Scale and simplify your business for derivatives clear by processing real-time settlement, risk management, exchange and regulatory reporting.

  • XTP Front-to-Back Suite

    Unify your cleared derivatives execution, order management, and post-trade processing in a single, automated, real-time workflow.

  • XTP Execution

    Fully automate your cleared derivatives trade workflow with integrated order management, advanced execution, and unrivaled connectivity to global markets.

  • Fidessa

    Get everything you need for equities trading in one, integrated solution— including sophisticated algo trading, order management, and seamless straight-through processing.

Discover what ION can do for you