FinClear partners with Dion Global for third-party clearing in Australia

Third-party clearing and settlement services provider FinClear, the only third-party equities clearer to be admitted to the ASX in two years, is live on Dion Global Solutions’ comprehensive front to back technology solution – TradeCentre™ and iBROKER.


David Ferrall, Managing Director and CEO at FinClear, said, “The Australian financial services industry requires an efficient clearing and settlement provider that will simplify and streamline the responsibilities of a broker and ensure complete compliance, reporting and audit capabilities. With this objective, we setup FinClear in 2015.


David Ferrall, Managing Director and CEO at FinClear

“Dion is a progressive technology company that has invested and built in Australia the only integrated front to back office platform that meets our current and future requirements. This capability from a single vendor allows us to provide a flexible and advanced range of services to suit our clients’ diverse needs. Dion has been our partner for over 9 months and has demonstrated their commitment to the success of FinClear.”


FinClear’s clearing and settlement infrastructure and services are able to reduce the cost and maintenance burden of market participants in Australia. Dion Global’s iBROKER solution has a proven track record in the Australian market for over 30 years and provides a stable and secure platform that delivers an integrated equities and options solution.


Dion Global, headquartered in India, is also providing FinClear with its trading solution, TradeCentre™ to support their front office advisor requirements with a full suite of trading, order management, real-time market data, comprehensive charts, and a powerful CRM to view client interaction data on desktop as well as mobile devices.


Michel Borst, CEO, Dion Global Solutions

Michel Borst, CEO, Dion Global Solutions, said, “We are delighted to partner with FinClear for their technology requirements. Our focus on developing innovative and comprehensive capabilities into our trading and settlement platforms will address the growing needs of the industry.”


Founded in 2015, FinClear began its full operation in 2017 after an extensive process. Now, the company is able to offer trade execution, clearing and settlement to advice, buyside, and stockbroking firms. The firm has offices in Sydney and Melbourne.