ION announced that R.J. O’Brien & Associates (RJO) has chosen the ION Global Trading Platform (GTP) to continue the strategic growth of its cleared derivatives business. ION is a global provider of trading, analytics, and risk management solutions for capital markets, commodities, and treasury management.
RJO is an independent futures brokerage and clearing firm in the US chose ION because it “was committed to providing its global client base with an electronic trading platform that delivers cutting-edge functionality and broad market access. The firm also wanted a platform that could be integrated seamlessly for its institutional brokers”, according to a company statement.
Gerald Corcoran, RJO chair and CEO, said in the statement: “As we continue to grow our global institutional business, GTP will be the primary vehicle for our institutional brokers and clients to trade electronically, using the trading GUI or the API.”
GTP delivers follow-the-sun order management, advanced risk management, and automated middle-office workflow for pre-trade and post-trade allocations and recapping in a single platform. It also provides a suite of execution tools covering everything from benchmark algorithms to synthetic spread trading.