ION becomes an empaneled vendor with the National Stock Exchange of India
ION, a global leader in trading, analytics, treasury, and risk management solutions for capital markets, commodities, and treasury management, announces that it is now an empaneled vendor with the National Stock Exchange of India (NSE).
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This milestone registers ION’s Fidessa trading platform for equities, futures and options (F&O), and algorithmic trading on the NSE.
Following a rigorous evaluation, the NSE has certified the Fidessa trading platform’s functionality as compliant with all relevant exchange rules and regulatory standards. Exchange members may now use the Fidessa solution for equities and F&O trading on the NSE, including for Direct Market Access (DMA) and Smart Order Routing (SOR). Fidessa also provides exchange members with access to 22 different algorithmic trading strategies.
The NSE is the world’s largest derivates exchange by number of contracts traded, and third largest equities exchange by number of trades. It has been instrumental in developing Indian capital markets, introducing innovative products like the flagship NIFTY 50 index.
Robert Cioffi, Global Head of Equities Product Management at ION Markets, said: “ION is pleased to partner with one of the world’s premier exchanges, and our successful NSE empanelment reflects the Fidessa platform’s position as a trusted and effective solution for brokers trading in the Indian market. As a key strategic region for ION, India presents significant opportunities, and we are excited to bring our cutting-edge trading solutions to the market.”
Sandeep Sabnani, Product Strategy and Growth, Equities at ION Markets, said: “ION’s empanelment with the NSE marks a significant milestone, with our software now approved for multi-asset trading on India’s largest exchange. This accomplishment demonstrates ION’s commitment to supporting India’s trading community with best-in-class technology solutions. Our goal is to empower brokers and banks to grow their business via a scalable, reliable, integrated offering that addresses India’s unique and evolving trading needs.”