ION Achieves Algorithmic Trading Vendor Status on the BSE Market

ION Achieves Certification as an Algorithmic Trading Vendor on BSE

MUMBAI, India – January 14, 2025 – In a significant advancement for its operations in India, ION, a prominent provider of trading and analytics solutions, has received official recognition as a registered Independent Software Vendor for algorithmic trading on the Bombay Stock Exchange (BSE). This certification not only marks a pivotal moment for ION but also showcases its dedication to the dynamic Indian capital markets, which have been undergoing rapid development.

ION's Fidessa trading platform was granted this certification after demonstrating compliance with BSE’s regulatory standards and risk management requirements. This recognition builds upon ION's earlier approval as a trading vendor for equities on the BSE, which was received in June 2024. This trajectory reflects ION's commitment to evolving alongside the capital markets in India, which currently sees algorithmic trading making up over 55% of all trades conducted nationwide.

The introduction of ION's Fidessa platform to BSE members enables them to leverage advanced algorithmic trading capabilities without requiring additional tools. With integrated algorithms and features to automatically monitor performance, traders can streamline their workflows effectively, heightening operational efficiency and reducing overhead costs.

A Historical Exchange

Established in 1875, BSE is renowned as Asia's oldest stock exchange. It has been instrumental in the growth of the Indian corporate sector, boasting over 5,700 listings. The exchange provides a critical platform for raising capital, fostering innovation, and facilitating investment opportunities in the region.

Robert Cioffi, the Global Head of Equities Product Management at ION Markets, expressed enthusiasm about the certification, stating, “As a registered vendor on BSE, ION now offers seamless access to advanced algorithmic trading capabilities, fully integrated within the Fidessa trading platform. India remains a key strategic market for ION, and this empanelment enhances our ability to meet the region's evolving needs.” He emphasized the pride ION takes in contributing to the growth of Indian capital markets through the provision of cutting-edge trading technology.

Commitment to Innovation

Highlighting the significance of this milestone, Sandeep Sabnani from ION's Product Strategy and Growth team remarked, “ION's registration as a vendor for algorithmic trading on BSE is a significant step forward, demonstrating the trust and confidence in our Fidessa platform.” This development reinforces ION's pledge to equip market participants with sophisticated technology solutions tailored to the unique demands of the evolving Indian market landscape.

ION has made a name for itself by providing essential trading and workflow automation solutions, alongside insightful analytics and high-value consulting services, to a vast array of clients including financial institutions, agencies, and corporate organizations worldwide. Through their innovative solutions, they aim to simplify complex processes and enhance decision-making capabilities.

ION Markets – The Future of Trading

With its transformative technology, ION Markets offers comprehensive solutions that cater to a broad spectrum of financial institutions involved in equities, fixed income, foreign currencies, and beyond. Their award-winning approach strives to automate the complete trade lifecycle, manage risks effectively, and maximize liquidity access while ensuring real-time access to vital operational data necessary for prompt decision-making.

For more information about ION and its services, visit ION Group and ION Markets.

This latest certification further positions ION as a key player in the trading technology landscape, committed to advancing the capabilities of its clients and enhancing service offerings in one of the world's most promising financial markets.