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ION, a global trading, analytics, treasury and risk management solutions firm, has launched a trade processing solution for cleared derivatives.
XTP Spark aims to simplify post-trade processing for brokers and banks, commodity trading firms or niche clearers who are looking to digitise their processes.
The new solution, which provides real-time clearing and settlement capabilities, streamlines and automates workflows. According to the firm, XTP Spark eliminates redundant manual steps within a robust control framework.
Francesco Margini, chief product officer for cleared derivatives at ION Markets, says: “We believe that advanced back-office automation should be accessible to everyone. That is why we have created XTP Spark.
“It is a powerful, out-of-the-box solution offering comprehensive back-office functionality. Users can spin up XTP Spark in weeks, transforming their back-office complexity into simplicity, for good.”
