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ION has secured registration as an Independent Software Vendor for algorithmic trading on BSE, formerly known as the Bombay Stock Exchange, enabling exchange members to deploy algorithmic trading through its Fidessa platform.
The approval marks ION's second major certification from BSE, following its registration as an equities trading vendor in June 2024. The development comes as algorithmic trading accounts for more than 55% of all trades across India's markets.
BSE has validated that the algorithmic suite within ION's Fidessa platform meets its exchange rules, regulatory requirements and risk management standards. The platform offers real-time monitoring capabilities and workflow automation tools designed to streamline trading operations.
"As a registered vendor on BSE, ION now offers seamless access to advanced algorithmic trading capabilities, fully integrated within the Fidessa trading platform. India remains a key strategic market for ION and this empanelment enhances our ability to meet the region's evolving needs. We are proud to contribute to the growth of Indian capital markets by enabling cutting-edge algorithmic trading," said Robert Cioffi, Global Head of Equities Product Management at ION Markets.
Sandeep Sabnani, Product Strategy and Growth, Equities at ION Markets, added: "ION's registration as a vendor for algorithmic trading on BSE is a significant step forward, demonstrating the trust and confidence in our Fidessa platform. This achievement reinforces our dedication to providing market participants with advanced technology solutions tailored to the needs of the Indian capital markets."
BSE, established in 1875, is Asia's oldest stock exchange with over 5,700 listed companies. The exchange has historically played a central role in facilitating capital raising for India's corporate sector.
ION, which provides trading, analytics, treasury and risk management solutions, offers its services to financial institutions, central banks, governments and corporate organisations. Its ION Markets division specialises in technology for equities, fixed income, foreign exchange, cleared derivatives, asset management and secured funding markets.
