ION Markets announces Compliance SaaS for asset management

Rick Steves

The Compliance SaaS solution allows customers to manage exceptions through a standard workflow, and define and maintain investment rules, with all dashboard, reporting, and management information easily shared across the business and demonstrable for clients and prospects.

ION Markets has launched a new Compliance SaaS solution, evolved from the hosted Compliance solution ION implemented in 2014, which enhances the product offering of the global provider of trading platforms, analytics, and risk management solutions.

The London-based fintech is bringing its Compliance SaaS solution to market in order to help customers enhance transparency, real-time oversight of pre-and post-trading. The solution delivers an automated compliance checking process and offers full coverage of asset types and geographies.

Demanding regulatory requirements and the use of complex asset types as firms enter new markets have made compliance monitoring and investment transparency a critical feature in asset management.

The ION Markets solution aims to help asset managers challenged with regulatory compliance, rising IT costs and the demand for real-time pre-trade oversight.

Compliance breaches can compromise finances and reputation

Steven Strange, Head of Product (Asset Management) at ION Markets, commented: “Investment compliance is fundamental to the asset management process, and any breach can severely compromise both a firm’s finances and its reputation. We’re proud to be partnering with several firms to evolve ION’s SaaS cloud service. We’re committed to ensuring the service can scale with business growth.”

The Compliance SaaS solution allows customers to manage exceptions through a standard workflow, and define and maintain investment rules, with all dashboard, reporting, and management information easily shared across the business and demonstrable for clients and prospects.

Earlier this year, ION Markets upgraded its connectivity to support Trumid’s Attributed Trading, a disclosed dealer-to-client negotiation protocol, through the ION Credit solution.

Trumid is a financial technology company and electronic bond trading platform, building differentiated trading solutions for its community of users.

ION Credit’s upgraded solution for Trumid provides additional benefits, including access to diverse market data sources, automation for Axe and Run management, and ION’s pricing engine.

ION Markets provides transformative technology and solutions to financial institutions dealing in equities, fixed income, foreign exchange, cleared derivatives, and secured funding.

The firm provides 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.

Read this next

Institutional FX

BNY Mellon to leverage Baton System’s CCP network on its ECPO service

“The union of Baton’s extensive CCP connectivity with the ground-breaking functionality of BNY Mellon’s ECPO service forms a powerful offering to cleared derivatives market participants.”

Institutional FX

NYSE and Tel Aviv Stock Exchange to promote dual listings

“This major step is intended to foster collaborations between the two exchanges and to encourage the dual listing of Israeli companies in their home market and on the NYSE.”

Technology

TT’s KRM22 selected as risk technology partner of Chicago-based RCM

“Broad product coverage and effective risk analytics performance are essential to proper implementation of risk management and risk analysis.”

Industry News

DXtrade FX/ CFD Platform Integrated with Your Bourse for Turnkey Liquidity

DXtrade brokers received access to 30+ major banks and Tier 2 liquidity providers with Your Bourse.

Executive Moves

Wave hires Harumi Urata-Thompson as CFO of SEC-regulated crypto investment company

“With extensive experience leading teams across both the traditional finance and digital asset sectors, Harumi is well-equipped to provide our team with the immediate strategic insights needed to optimize our financial operations. She is a fantastic addition to our team as we continue to strengthen our position as one of the leading digital asset managers and to deliver sophisticated financial services to our clients.”

Retail FX

TRADE.com enters United States as brokerage obtains license from FINRA

“We intend to be fully operational as a brokerage house in the U.S. by the end of H1 2023 and look forward to forging long term relationships with new business partners and clients.”

Technology

Pico launches Corvil Cloud Analytics as trading industry moves into cloud

“Since Corvil Cloud Analytics is software only, this accelerates our deployments and also provides an expedited avenue for proof-of-concept use cases. It’s now easier than ever for clients to access the platform so they can see firsthand what makes Corvil an industry leader in data analytics.”

Executive Moves

Finalto recruits Antony Parsons as head of liquidity

Finalto, the financial trading division of Gopher Investments, is making a broader push into the liquidity provision space, culminating in a new appointment focused on expanding the business into new markets.

Digital Assets

Huobi introduces Tether’s stablecoins pegged to euro, gold

Huobi, the world’s sixth-largest crypto exchange by trading volume, is set to introduce for its clients two stablecoins representing ownership of physical gold and Euro-pegged tokens.

<