ION provides ETF RFQ capability to Fidessa platform

ION has expanded its Fidessa buying and selling answer with the addition of a request for quote (RFQ) capability, in addition to integrating Tradeweb’s digital platform for alternate traded finances (ETFs). 

Adam Gould

The brand new providing will permit Tradeweb and Fidessa customers to get admission to enhanced automation and possibility control spanning all the buying and selling lifecycle – from execution to agreement – to supply aggressive pricing and workflow efficiencies, in addition to a much wider pool of worldwide liquidity.  

Adam Gould, international head of equities at Tradeweb, stated: “This integration offers shoppers environment friendly get admission to to Tradeweb’s complex RFQ capability, aggressive pricing and deep pool of liquidity suppliers in a unbroken and streamlined manner.  

“Through leveraging Tradeweb’s ETF RFQ capability, ION purchasers will unencumber better transparency, richer information insights and enhanced best-execution of their ETF buying and selling methods.” 

In particular, by way of enabling Tradeweb’s computerized RFQ capability and straight-through processing with Fidessa, the enhancement objectives to handle demanding situations confronted by way of institutional buyers taking part in ETF buying and selling, together with handbook intervention and operational inefficiencies.  

Learn extra – ION integrates FastTrade with Equiduct 

Robert Cioffi, international head of equities product control at ION, stated: “This partnership advances the automation of ETF RFQ go with the flow, making it more uncomplicated than ever for Fidessa customers to faucet into numerous liquidity resources and reach awesome execution results.” 

The product growth marks an additional ETF-related construction for Tradeweb in contemporary months. In November 2024, the company introduced a collaboration with the Tokyo Inventory Alternate (TSE) to extend liquidity in Eastern ETFs, together with the established order of a right away hyperlink between Tradeweb and TSE’s RFQ platform CONNEQTOR.