ION extends its cleared derivatives product suite

ION extends its cleared derivatives product suite

ION, which develops a plethora of financial software to transform workflows, has expanded its cleared derivatives offering.

XTP delivers a full front-to-back product suite that harnesses the power of connected data to provide real-time insights into net positions, margins, risk, analytics, commissions and more.

The solution now includes JANUS risk management and Clarus CHARM analytics solutions.

As part of this expansion, ION has also rebranded the entire cleared derivatives products under the flagship XTP brand. As a result, XTP Risk and JANUS Risk Manager have together become XTP Risk JANUS, and Clarus CHARM has become XTP Analytics.

ION group chief product officer Hishaam Caramanli said, “ION is proud to offer clients XTP, the leading cleared derivatives product suite. By bringing these new products together under the XTP brand, we continue to deliver a comprehensive, powerful, and recognizable suite of solutions for our cleared derivatives clients. It also creates a platform to integrate other new products into our front-to-back workflow automation offering.”

The XTP product suite provides derivatives trading firms across the globe with solutions to automate the entire trade lifecycle and derivatives clearing process.

Its XTP Risk JANUS solution allows financial institutions to monitor and control risk in real-time and across multiple assets and markets.

The platform can aggregate trade and order flows across back-office, trading platforms and clearing systems. It also monitors user defined risk measures, generates alerts on limit breaches, stores risk indicators and limit breaches to support client behaviour analysis and replicate margins calculated by CCPs across 60 exchanges.

As for the XTP Analytics solution, it offers analytics, data and research services. It boasts analytics for margin calculation, scenario analysis, hedging, pre-trade and post-trade, normalised, enhanced and aggregated data, swap execution facilities, market insights, and more.  

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