The slowdown in equities trading and capital raising has hit revenues worldwide, driving businesses of all sizes to look for advanced technology solutions. As traders come under concomitant pressure to deliver more accurate results in an increasingly demanding industry, ION has developed technology to help heads of execution reduce business costs.
Named Fidessa Spotlight, traders using it can access dark volume while maintaining orders in other third-party algorithms, which can be expected to reduce market impact for all buy-side clients of head traders. It equips chief investment and tech officers looking to grow their businesses so they can find contingent volumes while maintaining cycle or spray orders on lit, dark, and conditional venues. Traders can also shape and modify the model using static data changes to control slice release finely across venues worldwide.
With the algo accessible to companies operating globally, Fidessa Spotlight will help enterprises streamline processes through new “hierarchical model-building features”, according to a company statement: “Heads of execution tackling increasingly complex regulatory and reporting obligations will benefit from higher commission and better trading performance, with the power to increase their block size without adverse market impact.”
William Cline-Thomas, senior product manager at ION Markets, said in a statement: “For buy-side equities traders facing increased complexity and liquidity challenges, it’s fantastic to welcome a dynamic solution that will revolutionize trading across global markets through reliable and efficient automation technologies.”
Sandeep Sabnani, head of Equities Product Strategy and Growth at ION Markets, said in a statement: “Customers are at the center of our product strategy. We are excited to introduce a global solution capable of unlocking more liquidity and improving equities trading performance across the market.”