ION Launches XTP For Event Contracts In Partnership With Wedbush Securities

ION, a global leader in AI trading platforms and workflow automation software, high-value analytics, and strategic consulting for financial institutions, central banks, governments, and corporates, has announced the launch of XTP for Event Contracts. This new solution is a fully automated, real-time platform designed to streamline contract creation, native event resolution, and settlement for event-based contracts, positioning ION as an industry pioneer in this evolving market segment.
 

XTP, already a trusted platform for leading Futures Commission Merchants (FCMs) for exchange-traded derivatives (ETD) and cleared over-the-counter (OTC) workflows, a segment often involving complex prime brokerage comparison, has now expanded its capabilities to prediction markets. The enhanced XTP enables FCMs to process event contracts on a 24x7 basis, offering automation through a resilient, modern, and scalable solution.
 

The platform offers seamless connectivity to multiple markets, provides pre-configured event products, and standard reconciliations. It facilitates real-time account and contract creation, supports weekend and holiday trading, delivers instantaneous balance updates, and ensures immediate settlement, helping brokers capitalise on this new market segment.
 

Wedbush Securities, a prominent financial services firm and a wholesale provider of prediction market services to introducing brokers and liquidity providers explained, selected ION to support event contracts based on benchmarks, economic indicators, politics, and sports. Wedbush chose XTP for Event Contracts due to its rapid deployment capabilities, unique functionality, and processing capacity, which are crucial for handling the significant operational demands of FCMs entering prediction markets.
 

ION and Wedbush collaborated to deploy XTP for event contracts in less than six weeks for their initial launch in December 2025. Their partnership has continued, leading to further launches with additional prediction markets ahead of major events such as the Super Bowl and March Madness. Wedbush was among the first FCMs prepared to clear these products on day one, providing clients with immediate exchange connectivity. This achievement highlights ION's capability to equip FCMs with mission-critical solutions at market speed, alongside Wedbush's strength in delivering high-quality clearing and connectivity services to meet evolving client requirements.
 

Rodrigo Parrode, COO of Wedbush commented:

“At Wedbush, we are focused on leading the next wave of market innovation. In response to client demand and our commitment to supporting their evolving needs, we partnered with ION Group to launch XTP for Event Contracts in under six weeks. This accelerated timeline reflects our ability to combine modern, scalable infrastructure with disciplined execution to deliver new products to market quickly, securely, and with institutional-grade reliability.”

Samuel Shorthouse, Head of Client Engagement, Cleared Derivatives of ION commented:

“ION is proud to launch XTP for Event Contracts, an advanced solution designed to help firms realise the opportunities in this new market segment. As the industry pioneer for event contracts, we are also excited to partner with Wedbush Securities as they break new ground, bridging the gap between growing retail demand and the security and efficiency of Tier 1 liquidity providers and institutional derivatives markets. This launch reflects ION's commitment to innovation and our position as a leader in delivering solutions that drive the future of derivatives.”

The expansion of automated solutions like ION's XTP into new market segments such as event contracts highlights a broader trend towards enhanced technological infrastructure across financial markets. For firms in institutional FX and prime brokerage, the demand for resilient, real-time processing and efficient settlement systems remains paramount. As prediction markets gain traction, the underlying technology principles of robust liquidity management and seamless operational workflows are increasingly relevant to all areas of digital asset and traditional finance, including the intricate world of crypto prime brokerages.

As the fintech landscape continues to evolve with innovations like event contracts, explore LiquidityFinder Insight for the latest analysis on institutional trading and market infrastructure.