#London #United Kingdom #London Stock Exchange #ION #Fidessa

ION to Provide Access to Private Securities Market

ION, a leading provider of trading and workflow automation solutions, has announced its plans to facilitate seamless access to the London Stock Exchange's Private Securities Market through its Fidessa platform. This new move aims to revolutionize private market trading, allowing private companies and their shareholders to engage more efficiently with intermittent liquidity auctions.

The New Framework: PISCES

Operating under the Private Intermittent Securities and Capital Exchange System (PISCES), the London Stock Exchange's Private Securities Market seeks to create opportunities for private entities and their investors to connect. By leveraging the LSE's existing public market infrastructure, private firms can now access auctions that grant them liquidity, without the hassle traditionally associated with private trading.

The implications of this development are profound. Private companies, especially those experiencing rapid growth, can now reach out to a wider pool of potential investors, ultimately broadening their shareholder base. It also promotes a diversified investment portfolio for those interested in high-growth sectors that typically remain off the radar in public trading.

Cost Savings Through Exemptions

Interestingly, trading on the new platform will be exempt from stamp duty, a move designed to reduce costs and streamline the transaction processes for traders. This initiative not only simplifies the trading experience but is also expected to encourage more private firms to engage with the London Stock Exchange's ecosystem.

Upgrades to Fidessa and Ticker Plant

To facilitate the smooth integration of this service, ION is rolling out significant updates to its Fidessa trading platform and Ticker Plant market data system. These updates are crucial for ensuring that all existing and new customers can transition seamlessly into this updated trading environment, thus maximizing their trading potential right from the launch of the Private Securities Market.

The Ticker Plant system is noted for its ability to deliver secure and real-time market data. This capability is essential for traders who rely on accurate information to make time-sensitive decisions. Operating across 275 exchanges globally, the inclusivity of the Ticker Plant enhances the value of ION's offerings further.

Statements from Key Figures

Tom Simmons, the Director of Private Markets Development at London Stock Exchange plc, conveyed his excitement about this extension of services to Fidessa customers, noting that it allows Registered Auction Agents access to private company auctions. This can widen investor participation in private markets significantly.

Robert Cioffi, Global Head of Equities Product Management at ION, expressed pride in incorporating the Private Securities Market into the Fidessa platform. He emphasized ION's long-standing commitment to innovative solutions that underscore its leadership in capital markets, particularly in the realm of global equities trading.

A Future-Centric Approach

This strategic advancement not only highlights ION’s dedication to evolving financial technologies but also aims to forge better pathways for private companies seeking growth while bringing in a wider array of investment opportunities. With the landscape of trading continuing to shift dramatically in the digital age, ION appears well-positioned to lead the charge toward enhanced transparency and accessibility in capital markets.

For those seeking to learn more about what ION has to offer, their comprehensive suite of services extends beyond just trading systems; ION is committed to fostering long-term partnerships with financial institutions, governments, and corporations to drive sustained success through innovative solutions. To explore more about ION, visit their website at iongroup.com.