ION Markets algo trading solutions recognized with three TradingTech Insight Awards

By Admin

June 12, 2023

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ION, a global leader in mission-critical trading and workflow automation software, high-value analytics, and strategic consulting, announces three of its products won at the 2023 TradingTech Insight (TTI) USA awards. ION’s Fidessa TCA, FI EMS, and DASH Financial Technologies’ SENSOR solutions took the honors.

The fifth annual TTI USA Awards, hosted by A-Team Group, recognize excellence in trading solutions and services for rapidly evolving capital markets. The three awards won by ION are a testament to the company’s commitment to delivering solutions for both buy-side and sell-side firms to automate tasks, simplify complex processes and boost efficiency. The winning solutions and award categories were:

• Fidessa TCA for Best Transaction Cost Analysis (CTA) Tool
• FI EMS for Best Smart Order Routing Application
• SENSOR for Best Solution for Options Trading

Fidessa TCA is a business module of a cross-asset ION solution. The tool provides post-trade execution performance analytics to buy-side or sell-side investment firms that operate in the equity market, and embedded checks to guarantee the quality of the analysis.

A front office platform, FI EMS features Smart Order Routing (SOR). The platform, launched a year ago, is designed to deploy best execution algorithms across multiple trading venues and support different asset classes with asset-specific routing and execution algorithms. Offering both buy and sell side capabilities, FI EMS caters to increasingly complex regulatory pressures. The platform provides a comprehensive audit trail, and automatically generates client reports.

SENSOR – from DASH Financial Technologies, an ION company – is an SOR and algorithmic trading suite that underpins DASH’s dominant position in the rapidly growing options market. Distinguished in the market by client-defined parameters to maximize performance and functionality, SENSOR includes DASH360, the firm’s award-winning application that offers real-time transparency into every stage of an order’s lifecycle.

Commenting on the wins, Robert Cioffi, Global Head of Equities Product Management, said, “We are thrilled at the recognition for ION’s best-in-breed technology. Against the backdrop of continuously volatile markets, the awards for Fidessa TCA recognize ION’s ability to design, upgrade, and implement technology in anticipation of client needs.”

“We’re delighted that TradingTech Insight has recognized FI EMS’s outstanding capabilities so soon after it’s official launch,” said Tommaso Di Grazia, Head of Fixed Income Product Development. “Our product answers a clear market need for integrated automated solutions in one tool to facilitate market-making. FI EMS eases challenges around selecting counterparties and sourcing liquidity, and exists to digitize the entire dealer-to-customer trading process.”

“We work tirelessly to deliver systems with unmatched performance and customization. SENSOR is the perfect illustration of that ethos,” said Stino Milito, President at DASH Financial Technologies. “By focusing on empowering the user, SENSOR has fueled major growth for our options execution business over the last decade. We are proud to be recognized by the industry professionals who voted, and grateful to our clients for their feedback and support.”

About ION
ION 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, asset management, 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/

About DASH Financial Technologies
DASH Financial Technologies is the leading US options technology and execution provider, offering fully customizable routing and order management solutions to financial institutions as well as complete order routing transparency featuring real-time visualization through the award-winning DASH360 platform. For more information, please visit http://www.DASHfinancial.com.

About TradingTech Awards USA
TTI Awards USA is designed to recognize excellence in trading solutions and services for capital markets and focus on vendors providing exceptional trading infrastructure, trading technology, and data solutions. Dedicated and driven, they focus on the unique challenges facing US market practitioners and suppliers as they seek to develop trading and data solutions in this rapidly changing marketplace.