ION Markets Algo Trading Solutions Recognized with Three TradingTech Insight Awards

  • Trading Systems
  • 09.06.2023 10:15 am

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 TCAFI EMS, and DASH Financial Technologies’ SENSOR solutions took the honours.

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 and SENSOR 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 GraziaHead 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.” 

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