ION Markets has launched a new Compliance SaaS solution, evolved from the hosted Compliance solution ION implemented in 2014, which enhances the product offering of the global provider of trading platforms, analytics, and risk management solutions.

The London-based fintech is bringing its Compliance SaaS solution to market in order to help customers enhance transparency, real-time oversight of pre-and post-trading. The solution delivers an automated compliance checking process and offers full coverage of asset types and geographies.

Demanding regulatory requirements and the use of complex asset types as firms enter new markets have made compliance monitoring and investment transparency a critical feature in asset management.

The ION Markets solution aims to help asset managers challenged with regulatory compliance, rising IT costs and the demand for real-time pre-trade oversight.

Compliance breaches can compromise finances and reputation

Steven Strange, Head of Product (Asset Management) at ION Markets, commented: “Investment compliance is fundamental to the asset management process, and any breach can severely compromise both a firm’s finances and its reputation. We’re proud to be partnering with several firms to evolve ION’s SaaS cloud service. We’re committed to ensuring the service can scale with business growth.”

The Compliance SaaS solution allows customers to manage exceptions through a standard workflow, and define and maintain investment rules, with all dashboard, reporting, and management information easily shared across the business and demonstrable for clients and prospects.

Earlier this year, ION Markets upgraded its connectivity to support Trumid’s Attributed Trading, a disclosed dealer-to-client negotiation protocol, through the ION Credit solution.

Trumid is a financial technology company and electronic bond trading platform, building differentiated trading solutions for its community of users.

ION Credit’s upgraded solution for Trumid provides additional benefits, including access to diverse market data sources, automation for Axe and Run management, and ION’s pricing engine.

ION Markets provides transformative technology and solutions to financial institutions dealing in equities, fixed income, foreign exchange, cleared derivatives, and secured funding.

The firm provides tools to manage risk, and maximizing access to liquidity, while giving real-time access to critical information required for timely operational decisions and execution on a global scale.

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