ION, a global leader in trading and workflow automation software, high-value analytics and insights, and strategic consulting to financial institutions, central banks, governments, and corporate organizations, announces that Instantia has selected ION Foreign Exchange (FX) for trade execution, trade management, risk, and settlement management for its FX business.
Australia-based Instantia is a digital FX, risk management, and payments company offering a client-centric way to manage currency exchange, FX strategies, and cross-border payments. The company boasts a leading risk management intelligence tool, providing insights to key business decision-makers.
Instantia chose the ION FX solution for its end-to-end processing functionality of FX cash and derivative products, including trade execution and risk management. Using ION APIs, Instantia developed custom client- and dealer-facing user interfaces to enhance the user experience.
Richard Poulton, CEO at Instantia, says, “We are excited to partner with ION to offer our clients robust FX processing capabilities. This partnership is crucial as it will help us revolutionize FX by consolidating currency hedging positions into a user-friendly interface and expand into other APAC markets.”
Alex Pirmohamed, Chief Product Officer at ION Markets (FX), says, “We are pleased that Instantia chose ION FX for its trade execution and risk management needs. ION Markets FX is strategically positioned to address the diverse needs of FX market participants. The ION FX end-to-end solution uniquely suits institutions providing FX services for cross-border payments, and FX risk management. Our platform’s robust functionality facilitated Instantia’s quick time to market, and we remain dedicated to supporting their ambitious objectives.”