ION Achieves Independent Software Vendor Status for Algorithmic Trading on BSE
MUMBAI, India, January 14, 2025 /PRNewswire/ – ION, a global leader in trading, analytics, treasury, and risk management solutions for capital markets, commodities, and treasury management, has officially registered as an Independent Software Vendor (ISV) for algorithmic trading on the Bombay Stock Exchange (BSE). This registration enables BSE exchange members to leverage ION’s Fidessa trading platform for algorithmic trading.
This achievement follows ION’s recognition as an equities trading vendor on BSE in June 2024, further reinforcing the company’s commitment to meeting the dynamic needs of the Indian capital markets.
BSE has certified the Fidessa platform’s integrated suite of algorithms as compliant with exchange rules, regulatory standards, and risk management protocols. Fidessa’s comprehensive solution offers significant advantages to traders in India, where algorithmic trading now accounts for over 55% of all trades nationwide. The platform enables real-time performance monitoring, automates trading workflows, and consolidates trading tools, enhancing efficiency and reducing operational costs.
Founded in 1875, BSE is Asia’s oldest stock exchange, with more than 5,700 listed companies. It has been instrumental in the growth of India’s corporate sector by providing an efficient platform for capital raising.
Robert Cioffi, Global Head of Equities Product Management at ION Markets, commented: “Becoming a registered vendor on BSE provides seamless access to advanced algorithmic trading capabilities integrated within the Fidessa platform. India is a critical market for ION, and this milestone strengthens our ability to support the region’s evolving demands. We are excited to contribute to the continued growth of India’s capital markets through cutting-edge algorithmic trading technology.”
Sandeep Sabnani, Product Strategy and Growth Lead for Equities at ION Markets, added: “ION’s registration as a vendor for algorithmic trading on BSE is a significant milestone that highlights the trust placed in our Fidessa platform. This step underscores our commitment to offering market participants in India advanced, tailored technology solutions.”
About ION
ION delivers mission-critical trading and workflow automation software, advanced analytics, and strategic consulting services to financial institutions, central banks, governments, and corporations. The company simplifies complex processes, boosts efficiency, and supports better decision-making, building long-term partnerships with clients to drive sustained success through continuous innovation. For more information, visit ION Group.
About ION Markets
ION Markets offers transformative technology and solutions to financial institutions across equities, fixed income, foreign exchange, cleared derivatives, asset management, and secured funding. The company’s award-winning end-to-end solutions automate the full trade lifecycle, manage risk, enhance liquidity access, and provide real-time data for timely operational decisions and global execution. For more information, visit ION Markets.
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