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ION, a trading and workflow automation software provider, has been registered as an Independent Software Vendor (ISV) with BSE for the equity derivatives segment through its Fidessa trading platform, following certification by the exchange that Fidessa's functionality is fully compliant with all relevant exchange rules and regulatory standards.
Exchange members can now use Fidessa for futures and options (F&O) trading on BSE, including Direct Market Access (DMA), with access to over 20 algorithmic trading strategies designed for the India market.
Robert Cioffi, Head of Product, Equities, ION
Robert Cioffi, Head of Product, Equities, ION said:
"ION's empanelment as an ISV for BSE's Equity Derivatives segment expands our exchange coverage reflecting continued focus on growth in India. The enhanced offering complements our existing BSE and NSE empanelments and underscores India's importance as a strategic market for ION. We are proud to support the growth of Indian capital markets by enabling cutting-edge trading solutions."
The equity derivatives approval follows ION's earlier registrations as an equities and algorithmic trading vendor on BSE. ION now covers BSE Equity and Equity Derivatives, as well as the National Stock Exchange of India (NSE) for both equities and F&O.
BSE, established in 1875, is Asia's oldest stock exchange, with more than 5,700 listings.
ION is a provider of mission-critical trading and workflow automation software, high-value analytics and insights, and strategic consulting to financial institutions, central banks, governments, and corporates.
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