LONDON – 8 December 2022: 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 corporates, announces that FinTech Global has listed ION products XTP Risk JANUS, XTP Central Limits, and Fidessa Surveillance in the RegTech 100 list for 2023.
The RegTech100 is an annual list of 100 of the world’s most innovative RegTech companies. These are the companies every financial institution needs to know about as they consider and develop their mission-critical RegTech and digital transformation strategies. The list helps senior management and compliance professionals evaluate which solutions have market potential, and are most likely to succeed and have a lasting impact on the industry.
ION’s products solve the challenge of identifying risk as it happens, or before it becomes a serious problem. XTP Risk JANUS is a real-time position-keeping system with alerting capabilities. It can be used pre-trade, at-trade, or post-trade. The system implements more than 80 risk analytics ranging from balances and margins, through exposures, position limits, and Greeks, to trade surveillance. A flexible portfolio hierarchy allows the system to aggregate risk in different ways in real time — by client, region, desk, market, asset, or any other measure of interest to the financial institution.
XTP Central Limits is a tool to manage the limit workflow approval process, with a complete audit trail of changes, automatic update of pre-trade risk layers of trading platforms (where an API is available), and reconciliation of limit definitions.
Fidessa Surveillance is a flexible buy- and sell-side, multi-compliance solution covering market abuse detection, regulatory reporting and analytics. The system’s features include integrating data and events from multiple internal and external sources to deliver consolidated record-keeping, monitoring, and reporting. A unique approach to compliance prioritizes data quality enforcement during collection, stressing validation, accurate synchronization, and correlation across multiple sources. The combination reduces the risk of reporting wrong or incomplete information, or missing abusive behavior detection.
Francesco Margini, Chief Product Officer, Cleared Derivatives at ION Markets, said, “We are pleased to be listed on the prestigious RegTech 100 list. Our inclusion in the top 100 confirms that we remain at the forefront of innovation in technology for financial markets. It also recognizes that our products create value for our clients by streamlining processes and supporting their decision-making.”
He adds, “XTP Risk JANUS is a multi-asset, currency and market, real-time risk management and order validation system for exchange-traded financial instruments. It meets the industry’s urgent need to monitor all trading activity and margin exposures in real time. Whereas XTP Central Limits is a unique offering that solves a complex, labor-intensive, and error-prone problem by providing an efficient and controlled way to maintain multiple high-performance trading platforms.”
Commenting on the achievement, Robert Cioffi, Global Head of Equities Product Management, said, “Fidessa Surveillance is evidence of the functional and technical evolution of our trading, surveillance and risk management products to support the growing complexities, volumes, and extreme events in financial markets. It navigates through all the major regulatory landscapes and complies with European surveillance regulations, meeting the obligations embodied in MAD/MAR, as well as Canada, Hong Kong, India, Indonesia, Singapore, and the USA.”
ION provides mission-critical trading and workflow automation software, high-value analytics and insights, and strategic consulting to financial institutions, central banks, governments, and corporates. Our solutions and services simplify complex processes, boost efficiency, and enable better decision-making. We build long-term partnerships with our clients, helping transform their business for sustained success through continuous innovation. For more information, visit https://iongroup.com/
About ION Markets
ION Markets provides transformative technology and solutions to financial institutions dealing in equities, fixed income, foreign exchange, cleared derivatives, asset management, and secured funding. Our award-winning end-to-end solutions simplify clients’ operations by automating the full trade lifecycle, providing tools to manage risk, and maximizing access to liquidity, while giving real-time access to critical information required for timely operational decisions and execution on a global scale. For more information, visit https://iongroup.com/markets/
About FinTech Global
FinTech Global is the world’s leading provider of FinTech information services, B2B media products and industry events.
The RegTech100 is an annual list of 100 of the world’s most innovative RegTech companies. These are the companies every financial institution needs to know about as they consider and develop their mission-critical RegTech and digital transformation strategies.