ION's New Partnership with India's National Stock Exchange Enhances Trading Capabilities

ION Partners with National Stock Exchange of India

In a significant development for trading technology in India, ION, a leader in analytics and financial solutions, has been officially empaneled as a vendor by the National Stock Exchange of India (NSE). This partnership allows ION’s Fidessa trading platform to be utilized for trading in equities, futures, and options on one of the largest exchanges worldwide.

Significant Recognition

The NSE’s decision to certify ION's Fidessa platform came after a thorough assessment to ensure that its functionality adheres to all exchange regulations and operational requirements. This certification marks a pivotal moment for the company as it seeks to enhance its influence in the Indian capital markets. With this approval, members of the exchange can leverage Fidessa's powerful capabilities, including Direct Market Access (DMA) and Smart Order Routing (SOR).

Trading Strategies and Innovations

The Fidessa platform empowers exchange members by offering access to an extensive suite of 22 algorithmic trading strategies. This feature not only broadens the trading avenues available to brokers but also simplifies the complexities associated with executing trades efficiently. The NSE's status as the world’s largest derivatives exchange by contract volume further underscores the strategic importance of this empanelment for ION.

ION's Statement on the Partnership

Commenting on this opportunity, Robert Cioffi, Global Head of Equities Product Management at ION Markets, stated, “We are thrilled to collaborate with such a reputable exchange. This relationship reflects not only the trust in our Fidessa platform but also our growing commitment to the Indian market.