ION Enhances Access to Private Market Trading with New Platform
ION Empowers Private Market Trading
ION, a global leader in trading and workflow automation software, is set to revolutionize private market trading. With an innovative approach, they are providing seamless access to the Private Securities Market on the London Stock Exchange. This newly introduced feature will allow private firms and their shareholders to engage in liquidity auctions, a significant step towards gaining greater access to capital.
Unlocking New Opportunities for Investors
The Private Securities Market is designed under the Private Intermittent Securities and Capital Exchange System (PISCES) framework. By leveraging the advanced infrastructure of the London Stock Exchange, this market empowers investors to enter high-growth companies that are typically not available for public trading. With transactions exempt from stamp duty, the new system not only reduces costs but also simplifies the trading experience, making it accessible for a wider range of investors.
Updates to Fidessa and Ticker Plant
In preparation for this launch, ION has unveiled significant updates to its Ticker Plant market data system and the Fidessa trading platform. These enhancements ensure that all ION customers will have smooth access to the Private Securities Market right from its inception. ION's robust Ticker Plant system guarantees secure, reliable, and real-time market data from over 275 exchanges globally, reinforcing ION's commitment to providing top-notch financial tools.
Voices from the Industry
Tom Simmons, Director of Private Markets Development at the London Stock Exchange, expressed his enthusiasm: "We are thrilled to broaden the array of opportunities available through Fidessa. Registered Auction Agents will now have access to private company auctions, enhancing market participation and offering private firms more options for expanding their shareholder base."
Highlights from ION's Leadership
Robert Cioffi, Global Head of Equities Product Management at ION, shared his insights on the new development: "Fidessa has been a trusted platform on the London Stock Exchange for over 35 years. We are excited to incorporate the Private Securities Market into our offerings. This initiative not only reflects our commitment to innovation but also our focus on leading the evolution of global equities trading."
About ION
ION specializes in delivering essential trading and workflow automation software alongside high-value analytics and strategic consulting services to a variety of clientele, including financial institutions, government bodies, and corporations. By streamlining complex processes, ION helps its clients enhance efficiency and make informed decisions. The company is dedicated to fostering long-lasting partnerships that support business transformations for sustained success, rooted in continuous innovation.
Frequently Asked Questions
What is the Private Securities Market?
The Private Securities Market is an initiative that allows private companies to participate in auction events on the London Stock Exchange, providing a new liquidity avenue for their shares.
How will ION's new platform benefit investors?
The platform provides investors with access to private market investments, typically not available to the public, and offers auction mechanisms that simplify the investment process.
What updates has ION made to support this launch?
ION has updated its Ticker Plant and Fidessa trading platforms to ensure all customers have seamless access to the new features from launch day.
Who can participate in the Private Securities Market?
Registered Auction Agents using the Fidessa platform will be able to access the auctions held within the Private Securities Market.
What distinguishes ION's services?
ION focuses on mission-critical solutions that streamline trading and workflow processes, fostering innovation for improved decision-making across the financial sector.
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