ION’s Fidessa platform certified for trading on India’s BSE

“ION is delighted that Fidessa is certified for equities trading on BSE. Already established as a trusted market data vendor to brokers and exchanges in India, the partnership with BSE further strengthens ION’s position in the region, and unlocks Fidessa’s full capabilities for exchange members.”

ION has registered as an Independent Software Vendor (ISV) with BSE (formerly known as Bombay Stock Exchange) in order to make the Fidessa trading platform certified for cash equities trading on BSE.

Established in 1875, BSE is Asia’s oldest stock exchange and has over 5,700 listings. It has played a key role in the growth of the Indian corporate sector by providing an efficient capital-raising platform.

This is a milestone move for the global leader in trading, analytics, treasury, and risk management solutions for capital markets, commodities, and treasury management as the company further strengthens its position in India.

A trusted market data vendor to brokers and exchanges in India

Robert Cioffi, Global Head of Equities Product Management at ION Markets, said: “ION is delighted that Fidessa is certified for equities trading on BSE. Already established as a trusted market data vendor to brokers and exchanges in India, the partnership with BSE further strengthens ION’s position in the region, and unlocks Fidessa’s full capabilities for exchange members.”

BSE certified Fidessa as compliant with all relevant exchange rules and regulatory standards following the completion of the audit process. The certification enables exchange members to use the platform for equities trading on BSE.

According to the firm, a majority of the top Indian brokers already use Fidessa for trading or connectivity outside India. The empanelment with BSE will support the continued growth and development of Indian capital markets.

ION’s Fidessa platform for algo trading, order and risk management

Fidessa provides order management, algorithmic trading and risk management in one unified solution, with a distinct focus on simplicity, reliability, and automation. BSE exchange members can now take advantage of the comprehensive features of Fidessa for their cash equities business.

ION Markets provides transformative technology and solutions to financial institutions dealing in asset management, cleared derivatives, equities, fixed income, foreign exchange, and secured funding.

Firms can leverage Fidessa to connect to more than 6,500 buy-side venues, and trade as a member or non-member on every major equities market in the world. The platform allows users to create sophisticated multi-asset workflows for advanced order execution, low-latency smart order routing, pairs trading, algorithmic trading, hedging, and more. They can also automate manual processes, including indications of interest, and middle office flows like confirmations and allocations.

Fidessa was acquired by ION in 2018 for approximately £1.5 billion.



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