Trading and workflow automation software business ION announced Tuesday that Instantia, an Australian digital FX, risk management, and payments company, has selected ION Foreign Exchange (FX) for its trade execution, trade management, risk, and settlement management needs.
Instantia Seleects ION FX for Trade Execution and Risk Management
Instantia, which offers users a client-centric way to manage currency exchange, FX strategies, and cross-border payments, was said to be drawn to ION FX’s comprehensive end-to-end processing functionality for FX cash and derivative products.
ION added that Instantia also appreciated the ability to customise the user interface through ION APIs, which they believe improves the experience for both clients and dealers.
“We are excited to partner with ION to offer our clients robust FX processing capabilities,” said Richard Poulton, CEO at Instantia. “This partnership is crucial as it will help us revolutionize FX by consolidating currency hedging positions into a user-friendly interface and expand into other APAC markets.”
Alex Pirmohamed, Chief Product Officer at ION Markets (FX), said he is pleased Instantia chose ION FX for its trade execution and risk management needs.
“ION Markets FX is strategically positioned to address the diverse needs of FX market participants,” he stated. “The ION FX end-to-end solution uniquely suits institutions providing FX services for cross-border payments, and FX risk management. Our platform’s robust functionality facilitated Instantia’s quick time to market, and we remain dedicated to supporting their ambitious objectives.”
