ION Enhances Retail Trading with FastTrade and Equiduct
ION, a renowned leader in trading and workflow automation software, has announced significant news regarding its FastTrade platform. This exciting development comes with the certification and integration of FastTrade with Equiduct, a pan-European exchange designed specifically for the retail community.
Improving Retail Execution Policy
With this integration, clients using ION's FastTrade can now seamlessly enhance their Retail Execution Policy. They will have the ability to incorporate Equiduct Apex's innovative zero-commission Best Execution service. This significant improvement is set to elevate execution quality while ensuring better compliance with MiFID II obligations, which are essential for best execution practices.
Empowering Clients with Enhanced Functionality
The integration with Equiduct increases the number of execution venues available for clients to utilize. Using FastTrade's powerful Best Execution Engine, users can craft sophisticated execution strategies tailored to the current challenging market conditions, where low commissions are becoming the norm.
Voices from Leadership
Giacomo Brandolini, the FastTrade Product Owner at ION, expressed pride in achieving this integration, stating, "We are proud to have completed this integration with Equiduct. It marks a key step in our mission to evolve our offering continuously and support our clients as they navigate increasingly complex equity trading environments."
Strategic Advantages of the Partnership
Tiffany Sour-Esrafil, Head of Business Development at Equiduct, shared her enthusiasm for the collaboration, emphasizing the importance of ION's role in the Italian trading technology landscape. She affirmatively stated, "ION has long been a true pioneer and a backbone of Italy's multi-asset trading technology landscape. We strongly believe this partnership will bring significant value to the Italian retail trading ecosystem and beyond, enabling clients to keep pace with the ongoing shift toward dynamic best execution and adapt to the new competitive retail brokerage environment."
About Equiduct
Equiduct has established itself as the leading retail-focused exchange in Europe. It caters specifically to the needs of retail brokers, empowering them to achieve Best Execution in the continent's most liquid equities and ETFs, spanning across 13 markets. Furthermore, Equiduct provides high-quality market data and insightful products for both retail and institutional clients. Operating under Article 44 of MiFID II, Equiduct has shown impressive performance in recent years, with a noteworthy report indicating 35 active retail brokers, 15.2 million executed trades, and a staggering turnover reaching €85 billion.
About ION
ION specializes in delivering essential trading and workflow automation solutions to various institutions, including financial entities, central banks, and corporate organizations. By focusing on mission-critical needs, ION's services significantly simplify complex processes and enhance operational efficiency. Their commitment extends to building long-term partnerships with clients, fostering continuous innovation and transformation in their business operations.
About ION Markets
With a focus on transformational technology, ION Markets provides a comprehensive suite of solutions to financial institutions engaged in diverse sectors, such as asset management and trading in cleared derivatives, equities, and foreign exchange. Their award-winning solutions streamline trade lifecycles, automate processes, and enhance risk management, ensuring clients have real-time access to vital information for prompt decision-making.
Frequently Asked Questions
What is the integration between ION and Equiduct?
The integration allows clients using FastTrade to enhance their Retail Execution Policy by incorporating Equiduct's zero-commission Best Execution service.
How will this integration benefit FastTrade clients?
This partnership will improve execution quality and ensure compliance with MiFID II obligations, allowing clients to create customized trading strategies.
Who are the key figures associated with this integration?
Giacomo Brandolini, Product Owner at ION, and Tiffany Sour-Esrafil, Head of Business Development at Equiduct, have emphasized the importance of this integration for clients.
What is Equiduct’s role in the market?
Equiduct is a pan-European retail exchange focused on Best Execution for retail brokers, providing high-quality market data and a substantial execution platform.
What solutions does ION Markets offer?
ION Markets offers technology and solutions aimed at simplifying operations for financial institutions in various sectors while managing risks and enhancing liquidity access.
