ION launches FI EMS to simplify fixed income trading

By Joy Dumasia

ION, trading, analytics, treasury, and risk management solutions for capital markets, commodities, and treasury management, announces the launch of a new product for both buy and sell-side fixed income traders. ION’s new FI EMS will ease challenges around selecting counterparties and sourcing liquidity by digitalizing the entire dealer-to-customer (D2C) trading process. 

Under pressure to deliver the best execution across different bond asset classes, trading desks are increasingly considering digitalizing the D2C trading process, including automating liquidity sourcing and price discovery. In an increasingly fragmented market, traders must remain competitive and reduce operational risks. FI EMS ensures the best execution among various D2C markets and retail venues as a buy-side solution. Inbound flow of orders can be routed to multiple platforms and dealers so they can auto-execute against the best price with configurable best execution policies. 

Integrated with the ION market-making solution, FI EMS offers buy-side capabilities to sell-side traders through direct execution and at-trade and post-trade hedging. Catering for increasingly complex regulatory pressures, FI EMS provides a comprehensive audit trail of all execution steps and generates client reports automatically. 

Tommaso Di Grazia, Head of Fixed Income Product Development at ION Markets, said: “Whether you are on the buy-side or sell-side, delivering first-class service for your clients can be complex, especially when dealing with multiple requests in a volatile market. FI EMS enables intelligent auto-execution capabilities for executing brokers while extending access to liquidity for sell-side traders.”

“Since its inception, ION has focused on building solutions that help traders automate tasks, reduce the overall operational risks and, in this case, deliver better-fixed income execution,” Di Grazia added.