ION rebrands cleared derivatives suite to XTP

Rick Steves

“The other products within ION’s cleared derivatives suite remain unchanged, namely, XTP Core, XTP Clearing, and XTP Match. And there’s the recently launched XTP Spark for banks and brokers, commodity trading firms, and niche clearers who are starting their digitalization journey.”

ION has announced the rebranding of its suite of cleared derivatives offering, a full front-to-back product suite harnessing the power of connected data to provide real-time insights into net positions, margins, risk, analytics, commissions, and more.

XTP is the new brand name of ION’s cleared derivatives suite, announced as part of the firm’s investment in a single platform for further growth and expansion.

Execution, Risk, Analytics, Central Limit, Front-to-Back

The cleared derivatives product offering now includes the JANUS risk management and Clarus CHARM analytics solutions, as the firm expands its capabilities in providing workflow automation technology that simplifies operational complexity.

Below, the list of all products included in ION’s suite of cleared derivatives products now under the flagship XTP brand:

  • GTP, ION’s front office solution, is now XTP Execution;
  • XTP Risk and JANUS Risk Manager have together become XTP Risk JANUS;
  • Clarus CHARM has become XTP Analytics;
  • JANUS Central Limit is now XTP Central Limits; and
  • Front-to-Back has become XTP Front-to-Back Suite.

XTP Spark for banks and brokers

Hishaam Caramanli, Group Chief Product Officer, ION, said: “ION is proud to offer clients XTP, the leading cleared derivatives product suite. By bringing these new products together under the XTP brand, we continue to deliver a comprehensive, powerful, and recognizable suite of solutions for our cleared derivatives clients. It also creates a platform to integrate other new products into our front-to-back workflow automation offering.”

Francesco Margini, Chief Product Officer for Cleared Derivatives, ION Markets, commented. “XTP has strong brand equity among our customers, exchanges, infrastructure providers, and other stakeholders in the cleared derivatives industry. XTP provides the foundation for unlocking additional opportunities to deliver new products that address clients’ existing and emerging needs.”

“The other products within ION’s cleared derivatives suite remain unchanged, namely, XTP Core, XTP Clearing, and XTP Match. And there’s the recently launched XTP Spark for banks and brokers, commodity trading firms, and niche clearers who are starting their digitalization journey.”

ION Markets, a subsidiary of ION, is a provider of solutions for financial institutions dealing in equities, fixed income, FX, cleared derivatives, asset management, and secured funding.

Solutions include tools to manage risk, and maximizing access to liquidity while giving real-time access to critical information for timely operational decisions and execution on a global scale.

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