ION Group
 |
|---|
| ION Trading | |
| |
| Founded | 1999 |
|---|---|
| Headquarters | Dublin, Ireland |
| Key People | Andrea Pignataro, Chief Executive Officer |
| Employees | 201-500 |
| Products | Software for electronic trading |
| Corporate Website | www.iontrading.com |
ION Trading Ireland Ltd. (ION Trading) is a privately held, global provider of multi-asset class trading software, largely focused on fixed income markets. The firm, previously known as ION Trading Capital Partners, provides e-trading solutions to develop models and business logic for financial institutions.[1]
ION is also a major shareholder in Patsystems Plc, with an equity stake of 29.06 percent in the software vendor. In November 2011, ION approached Patsystems with a 14p per share offer, a value of £29m. Patsystems estimated that MF Global Holdings Ltd. owed it £900,000 following its the broker-dealer's collapse, further impacting ION.[2]
History
CEO Andrea Pignataro founded ION in 1999. ION is backed by TA Associates, an investment company that bought 30 percent for €35m in 2004. Headquarters are located in Dublin, Ireland, with ION offices in London, New York, Tokyo, Frankfurt, Paris, Madrid, Toronto, Chicago, Singapore, Italy, India and Australia.[3]
ION purchased back-office software firm Rolfe & Nolan in July 2008.[4]
Products and Services
- Trading
- Pricing
- Position Keeping and Risk Management
- Technology
ION offers Multi-Market Interface, a trading interface that allows traders to operate in multiple dealer-to-dealer and dealer-to-customer electronic markets.
The company’s Multi-Market Interface also supports automated tools, such as The Auto-Hedger, a tool that submits hedges to a specified market on receipt of a trade notification from any cash or derivatives market, The Multi-Market Spread Trading Tool, which allows traders to create strategies that trade with risk management profiles, and Market-Making tools to manage market pricing obligations. [5]
Key People
- Andrea Pignataro, Chief Executive Officer
References
- ↑ ION Trading. LinkedIn.
- ↑ Patsystems gets approach from Ion Trading. Financial Times.
- ↑ About ION. ION.
- ↑ Rolfe & Nolan Quiet On Takeover Reports For £50m. Futures & Options Intelligence.
- ↑ ION Trading. LinkedIn.
