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

    Retail FX

    Weekly Roundup: John Oliver rips into MetaTrader, Binance to pay $10 billion

    Welcome to this week’s roundup, where we delve into the latest developments in the Forex, Fintech, and cryptocurrency markets. Stay ahead of the curve with our comprehensive overview of the week’s most impactful events and trends across these dynamic sectors.

    Retail FX

    Lark Funding reopens to US traders, MyFundedFX picks cTrader

    Canada-based prop trading firm Lark Funding announced it will once again welcome clients from the United States.

    Institutional FX

    Cboe FX volume falls to lowest level since summer

    Cboe’s institutional spot FX platform, known as Cboe Spot, today announced its trading volume for the month ending February 2024, which took a step back after a strong rebound in December.

    Retail FX

    ThinkMarkets secures lucrative DFSA license in Dubai

    Melbourne-based broker ThinkMarkets has secured a license from the Dubai Financial Services Authority (DFSA) after it has already incorporated its new subsidiary in the Dubai International Financial Center (DIFC).

    Digital Assets

    New Horizen Lays Out Its Vision Of A Modular, Proof Verification Layer For Web3 Networks

    Horizen is forging a new path for the future of blockchain with its New Horizen initiative, which is building a modular Proof Verification layer that’s dedicated to verifying cryptographic proofs for any settlement layer, beginning with Ethereum. 

    Digital Assets

    Karma3 Labs Raises a $4.5M Seed Round Led By Galaxy and IDEO CoLab to Build OpenRank, a Decentralized Reputation Protocol

    Using OpenRank, developers and web3 companies can build consumer apps where people can discover, use, fund, read, or buy something on-chain without worrying about getting spammed or scammed.

    Digital Assets

    Worldcoin down as Elon Musk sues OpenAI CEO Sam Altman

    Worldcoin’s (WLD) token dropped following news of a lawsuit against related company OpenAI. The lawsuit was filed by Elon Musk and accused OpenAI and CEO Sam Altman of breach of contract.

    Institutional FX

    Exegy’s Liquidity Lamp adds intraday data to outperform S&P 500 by 31.8%

    Exegy has incorporated intraday signals into its AI-powered iceberg order detection tool, Liquidity Lamp. By adding intraday data to a baseline mean reversion strategy, Exegy’s model outperformed the baseline by 10.5% and the S&P 500 (SPY) by 31.8%, respectively in the out-of-sample testing.

    Industry News

    Think Elon Musk backed your crypto exchange? ASIC’s latest reveal may shock you

    In an absolutely shocking turn of events that nobody could have possibly seen coming, the Australian Securities and Investments Commission (ASIC) has bravely stepped forward to reveal that, yes, those videos of Elon Musk passionately endorsing a cryptocurrency exchange are as fake as a three-dollar bill.