Australia-based digital FX, risk management and payments company Instantia has selected ION Foreign Exchange (FX) for the trade execution, trade management, risk and settlement management of its FX business.
Instantia offers a client-centric way to manage currency exchange, FX strategies, and cross-border payments.
The business also offers a risk management intelligence tool, providing insights to key business decision-makers.
The ION FX solution was chosen by Instantia for its end-to-end processing functionality of FX cash and derivative products, including trade execution and risk management.
“This partnership is crucial as it will help us revolutionise FX by consolidating currency hedging positions into a user-friendly interface and expand into other APAC markets,” said Richard Poulton, chief executive at Instantia.
Using ION APIs, Instantia developed custom client- and dealer-facing user interfaces to enhance the user experience.
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“ION Markets FX is strategically positioned to address the diverse needs of FX market participants. The ION FX end-to-end solution uniquely suits institutions providing FX services for cross-border payments, and FX risk management,” said Alex Pirmohamed, chief product officer at ION Markets (FX).
“Our platform’s robust functionality facilitated Instantia’s quick time to market, and we remain dedicated to supporting their ambitious objectives.”