Peel Hunt is a growing provider of trade execution services for UK retail platforms and brokers. We are delighted that Peel Hunt has chosen the Fidessa trading platform to further develop their business. »
Peel Hunt has renewed its contract for ION’s Fidessa trading platform, which offers market makers the ability to create personalized workflows quickly and securely, and integrate their own business intelligence into the using ION’s real-time APIs.
The broker and market maker has been using the Fidessa trading platform for nearly 20 years to access European markets and RSP market making networks.
While Fidessa has been a stable partner of Peel Hunt for two decades, the fintech company changed hands in 2018 after choosing between two rival bidders, Temenos and ION Markets.
“Fidessa’s leadership position in equity and derivatives trading solutions complements our fixed income and foreign exchange capabilities and will enable us to serve our clients more effectively across all asset classes and accelerate innovation,” ION chief executive Andrea Pignataro said at the time.
Iain Morgan, Head of Execution and Trading at Peel Hunt, said: “Effective business growth requires technology that can simplify workflows and increase efficiency. For Peel Hunt, ION has been a trusted partner in this field for nearly two decades. The Fidessa trading platform is the reference in the field of equities and the first choice for sell-side institutions. As we enter our next phase of growth, ION remains our preferred partner.
Michael Cashel, Equities, ION Markets, said: “Peel Hunt is an increasingly important provider of trade execution services for UK retail platforms and brokers. We are delighted that Peel Hunt has chosen the Fidessa trading platform to further develop their business. »
Peel Hunt has 163 corporate clients, over 1,230 institutional relationships and over 420 stocks covered. The broker holds an FCA license and is a member of the LSE for its UK operations and is a US registered broker and a member of FINRA and SIPC.
ION has been a fairly active member of the trading industry, having recently upgraded its connectivity to support Trumid and its leaked dealer-client trading protocol, Attributed Trading.
The protocol runs through the ION Credit solution, allowing Trumid to provide additional benefits including access to various market data sources, powerful automation for Ax and Run management and ION’s advanced pricing engine.
In December 2021, Louis Dreyfus Company (LDC) deployed the ION Global Derivatives Trading Platform (GTP) to manage and grow its derivatives execution and hedging operations. ION provides trading, analytics and risk management solutions for capital markets, commodities and cash management.
In November 2021, ION appointed 25-year industry veteran Robert Cioffi as Global Head of Equity Product Management after spending 15 years at UBS Investment Bank, where he most recently served as Executive Director. and Product Manager, Securities eCommerce.