ION has been registered as an Independent Software Vendor (ISV) with BSE, formerly Bombay Stock Exchange.
As part of the move, ION’s Fidessa trading platform is now certified for cash equities trading on BSE.
After completing the audit process, BSE has since certified Fidessa as compliant with all relevant exchange rules and regulatory standards, allowing exchange members to use the platform for equities trading on BSE.
Several top Indian brokers already use Fidessa to trade or for connectivity outside of India. As a result, this latest development will support the continued growth of Indian capital markets.
BSE was established in 1875 and serves as Asia’s oldest stock exchange, with more than 5,700 listings.
Meanwhile, Fidessa offers order management, algorithmic trading and risk management, with a focus on simplicity, reliability, and automation
“ION is delighted that Fidessa is certified for equities trading on BSE,” said Robert Cioffi, global head of equities product management at ION Markets.
“Already established as a trusted market data vendor to brokers and exchanges in India, the partnership with BSE further strengthens ION’s position in the region, and unlocks Fidessa’s full capabilities for exchange members.”