Top quantity futures fee service provider (FCM), Benefit Futures, has grow to be the most recent emigrate its legacy back-office method to ION’s cleared derivatives commerce processing platform, XTP.
Francesco Margini
The transfer comes because the FCM sought an answer which might supply intensive automation throughout clearing and agreement workflows.
Joe Guinan, chair and leader government of Benefit Futures, stated: “Within the twenty years since founding Benefit Futures, we’ve expanded from a small boutique to a few of the trade’s very best quantity clearing corporations serving one of the crucial international’s high-volume buyers.
“[…] Having effectively finished the migration to ION’s XTP, we now ship real-time knowledge and automation features, assembly consumer must procedure ever-growing commerce volumes briefly and successfully.”
XTP gives real-time, post-trade features, offering real-time visibility of positions, commissions, charges, margins, money flows, and chance.
ION has been making an investment in its XTP providing, onboarding a unexpectedly rising selection of FCM’s and world banks in recent years.
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Francesco Margini, leader product officer for cleared derivatives at ION Markets, stated: “The transition from [Advantage Futures’] legacy back-office method to XTP used to be finished in document time, leveraging ION’s established technique and gear advanced to regulate massive and complicated migration tasks.
“The Benefit-XTP rollout demonstrates ION’s confirmed observe document in bringing new merchandise to the marketplace and the robust self-discipline required for a well timed and a hit supply to consumers.”
Benefit Futures’ consumer base comprises: skilled buyers, institutional purchasers, exchange-traded budget, international and home non-clearing futures agents, hedge budget, and person buyers.
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