ION, a prominent player in trading solutions for capital markets, commodities, and treasury management, has achieved empanelment status with the National Stock Exchange of India (NSE). This development signifies a significant milestone for ION, as it now offers its Fidessa trading platform for equities, futures, and options trading on the NSE.

After undergoing a comprehensive assessment, the NSE has approved the functionality of ION’s Fidessa platform, ensuring compliance with all exchange regulations and standards. This endorsement allows exchange members to utilize the Fidessa solution for trading equities and F&O instruments on the NSE, including features like Direct Market Access (DMA) and Smart Order Routing (SOR). Additionally, the platform provides access to 22 diverse algorithmic trading strategies.

The NSE, known as the world’s largest derivatives exchange by contract volume and the third-largest equities exchange by trade volume, has played a pivotal role in shaping Indian capital markets. It has introduced innovative products such as the NIFTY 50 index, contributing to the market’s evolution.

Robert Cioffi, Global Head of Equities Product Management at ION Markets, expressed satisfaction in partnering with the esteemed NSE, emphasizing the Fidessa platform’s reliability for brokers in the Indian market. He highlighted India’s strategic importance for ION, underscoring the vast opportunities present in the region.

Sandeep Sabnani, Product Strategy and Growth, Equities at ION Markets, noted that the empanelment with NSE marks a significant achievement, enabling multi-asset trading on India’s largest exchange. This milestone reflects ION’s dedication to providing top-tier technology solutions tailored to India’s evolving trading landscape, aiming to empower brokers and banks with cutting-edge tools for business growth.

ION is renowned for delivering mission-critical trading software, analytics, and consulting services to various financial entities globally. By simplifying complex processes and enhancing decision-making capabilities, ION fosters enduring partnerships with clients, driving continuous innovation in their operations.

In the realm of financial markets, ION Markets offers transformative technologies to institutions involved in equities, fixed income, foreign exchange, and other asset classes. Through end-to-end solutions that streamline operations, manage risk, and optimize liquidity access, ION Markets equips clients with real-time insights for informed decision-making on a global scale.

The success of ION’s empanelment with the NSE underscores the company’s commitment to advancing India’s trading ecosystem with state-of-the-art solutions, reinforcing its position as a trusted partner in the financial industry.