ION, a global leader in trading, analytics, treasury, and risk management solutions for capital markets, commodities, and treasury management, announces that it is registered as an Independent Software Vendor (ISV) with BSE (formerly Bombay Stock Exchange). ION’s Fidessa trading platform is now certified for cash equities trading on BSE.

Following the completion of the audit process, BSE certified Fidessa as compliant with all relevant exchange rules and regulatory standards, enabling exchange members to use the platform for equities trading on BSE. With a majority of the top Indian brokers already using Fidessa for trading or connectivity outside India, the empanelment with BSE will support the continued growth and development of Indian capital markets.

Established in 1875, BSE is Asia’s oldest stock exchange and has over 5,700 listings. It has played a key role in the growth of the Indian corporate sector by providing an efficient capital-raising platform.

Fidessa provides order management, algorithmic trading and risk management in one unified solution, with a distinct focus on simplicity, reliability, and automation. BSE exchange members can now take advantage of the comprehensive features of Fidessa for their cash equities business.

Robert Cioffi, Global Head of Equities Product Management at ION Markets, said: “ION is delighted that Fidessa is certified for equities trading on BSE. Already established as a trusted market data vendor to brokers and exchanges in India, the partnership with BSE further strengthens ION’s position in the region, and unlocks Fidessa’s full capabilities for exchange members.”

Source: ION