Full-Time

Senior Business Consultant

Aspect

Confirmed live in the last 24 hours

ION Group

ION Group

5,001-10,000 employees

Automation technology for financial sector

Enterprise Software
Fintech

Senior

Houston, TX, USA

This position is onsite in Houston, TX.

Category
Management Consulting
Consulting
Required Skills
Inventory Management

You match the following ION Group's candidate preferences

Employers are more likely to interview you if you match these preferences:

Degree
Experience
Requirements
  • Implementation experience is preferred with the Aspect application, but relevant ETRM background will be considered.
  • Experience required with one or more of the following areas:
  • **Front Office/Risk Skills:** Candidate must have strong knowledge of Trading and Risk concepts. Capabilities should include experience with both physical (purchases, sales, exchange for physicals (EFP), buy/sells, exchanges, etc.) and financial instruments (Futures, Options, OTC Swaps, OTC Options, FX Swaps, Exchange Traded Options, etc.). Additionally, implementation experience should include developing book structures, configuring pricing constructs (Forward, Market and Derived), setting Limits (Risk and Trading), and position reporting (mark to market, and exposure).
  • **Accounting/Back Office Skills**: Candidate must have implementation experience with invoicing and settlements, contracts and confirms, cash flow reporting, and interfacing with ERP for A/R and A/P.
  • **Scheduling Skills:** Candidate must have strong knowledge of scheduling concepts in ETRM systems. Implementation experience necessary with transportation (trucks, rail, waterborne, pipeline, product transfers), storage, exchanges and processing (fractionation, blending, and refining), inventory management, position reporting, tariff and fees capture, tolling, and assay management.
  • **Industry Skills**: Natural Gas, Crude, Refined Products, Biofuels, LNG (Liquefied Natural Gas), Metals, Carbon, Coal, Agricultural Products
  • 5+ years of experience in designing, configuring, and troubleshooting Product installations in client environments of experience.
  • Bachelor's degree in one of the following: Finance, Accounting, Engineering, Economics, or a related IT field or equivalent experience in a related field
  • Ability to work as part of a project team structure
  • Ability to work onsite at client locations.
Responsibilities
  • Provide industry and functional advice and troubleshooting in the discovery workshop, design, implementation, testing, and production support of the Product solution for the client’s business needs
  • Present the Product solution to client users
  • Support the deliverables of the Technical Consultants by providing business and functional guidance, review, testing, and validation of scripted solutions (reports, plugins, and interfaces) as directed by Product Manager
  • Consult with client users to determine business requirements and work processes to be addressed by one or more areas of the Product solution
  • Demonstrate deep knowledge in one or more areas of Product configuration and in one or more energy commodities
  • Provide guidance to Business Consultants in one or more functional areas of the Product solution
  • Assist with professional services best practices as directed by Line Manager
  • Assume hands-on project implementation duties in all phases of the Product implementation, reporting to the Project Manager
  • Gather and document business requirements, configuration designs, test plans/results, and any other deliverables required by the project as determined by the Project Manager and Lead Business Consultant
  • Keep Line Manager and Project Manager(s) informed regarding the status of assigned responsibilities
  • Adhere to implementation best practices in one or more functional areas of the ION solution in all functional design, specifications, custom coding, unit testing, and other deliverables
  • Follow ION documentation standards and resolution process flow for all deliverables
  • Maintain full chargeability on client account(s) as assigned.
Desired Qualifications
  • Implementation experience is preferred with the Aspect application, but relevant ETRM background will be considered.

ION Group specializes in automation technology tailored for the financial sector, primarily serving institutional clients like investment banks, asset managers, and brokers. The company provides advanced software solutions that enhance trading, processing, and risk management activities in global financial markets. ION's products include sophisticated software platforms and APIs that enable clients to connect seamlessly to various trading venues and exchanges, ensuring efficient and accurate transactions. Unlike many competitors, ION stands out by acquiring entrepreneurial firms, which allows it to remain agile and responsive to market changes. The company's goal is to enhance efficiency and reduce operational risks for its clients through automation and innovative technology.

Company Size

5,001-10,000

Company Stage

Growth Equity (Venture Capital)

Total Funding

$426.5M

Headquarters

London, United Kingdom

Founded

1998

Simplify Jobs

Simplify's Take

What believers are saying

  • ION's partnership with Avalara enhances tax compliance solutions for energy trading.
  • Empanelment with NSE strengthens ION's presence in the Indian financial market.
  • Openlink V25 supports the transition to renewable energy, expanding market opportunities.

What critics are saying

  • Emerging fintech startups may offer lower-cost innovative solutions, challenging ION's market share.
  • Geopolitical tensions could disrupt ION's global operations and client services.
  • Reliance on acquisitions may lead to integration challenges and affect operational efficiency.

What makes ION Group unique

  • ION Group excels in automation technology for financial institutions and central banks.
  • Their software platforms streamline trading, processing, and risk management activities efficiently.
  • ION's innovative approach enhances efficiency and reduces operational risks for clients.

Help us improve and share your feedback! Did you find this helpful?

Benefits

Health, dental, and vision insurance

AD&D and disability insurance

Flexible spending account

Health savings account

Life insurance

Mental health care

401K plan

Performance bonus

Supplemental workers' compensation

Family medical leave & parental leave

PTO, paid holidays, sick days, bereavement leave, and volunteer time off

Commuter checks

Company social events

Employee assistance program

Free lunch

mobile phone discount

Growth & Insights and Company News

Headcount

6 month growth

-2%

1 year growth

0%

2 year growth

-1%
PR Newswire
Feb 14th, 2025
Ion Bags Multiple Awards At Fow International Awards 2025

LONDON, Feb. 14, 2025 /PRNewswire/ -- ION, a global leader in trading and workflow automation software, high-value analytics and insights, and strategic consulting to financial institutions, central banks, governments, and corporates, announces that two of its products took top honors at the FOW International Awards 2025. ION FX and ION LookOut won "Connectivity Provider of the Year" and "Market Surveillance Solution of the Year" respectively.The awards, hosted by Futures & Options World (FOW), recognize excellence and achievements in the derivatives industry.ION FX offers the market a unified front-to-back offering of leading-edge solutions, enabling seamless automation of workflows across execution, order management, and post-trade processing. Recognized as FOW's "Connectivity Provider of the Year", ION FX's MarketFactory connectivity offering provides clients with access to the entire market, across locations, workflows, protocols, instruments, or liquidity providers. Its flagship solution, Whisperer, is a single API connecting to over 100 FX venues, delivering ultra-low latency and comprehensive coverage of FX workflows (Spot, Forwards, NDFs, Swaps).ION LookOut – developed by LIST, an ION company – offers a multi-compliance solution for trade surveillance, record keeping, and reporting. The solution helps brokers, investment banks, asset managers, and trading venues meet regulatory requirements across different asset classes

FF News
Feb 13th, 2025
Ion Partners With Avalara To Tackle Tax Compliance Risks In Energy Trading

ION Commodities, a global leader in energy and commodity management solutions, announces its strategic partnership with Avalara, a leading provider of cloud-based tax compliance automation for businesses of all sizes. As a technology partner in Avalara’s Partner Program, ION Commodities’ solutions will standardize integration with Avalara’s AvaTax for Energy tax engine solution to address the complexities of tax compliance in energy trading and logistics.Tax compliance in energy markets requires navigating complex and dynamic tax rates and rules across multiple jurisdictions. This partnership between ION and Avalara will reduce the risk of incorrect or delayed tax calculations, thus helping firms to avoid financial penalties, audit risks, and increasing operational efficiency.The forthcoming integration will offer energy companies an automated, more accurate, and scalable tax compliance solution, enabling real-time tax calculation, reducing reliance on manual processes, and minimizing errors. Customers will also benefit from streamlined operations, enhanced decision-making, and reduced administrative overhead, allowing greater focus on core trading and operational objectives.The combination of Avalara’s industry-standard expertise in compliance automation and ION Commodities’ industry-leading commodity management platforms will deliver an end-to-end solution for trading, risk, logistics, and tax management tailored to the evolving needs of the energy sector.“Tax compliance is one of the most onerous factors impacting energy and commodities enterprises, and their ability to scale and operate efficiently,” said Steve Lacoff, Vice President and General Manager at Avalara. “Our partnership with ION gives mutual customers in these sectors a greatly simplified path to compliance automation, with reduced compliance risk, and greater operational efficiency.”“Collaborating with Avalara aligns with our mission to deliver comprehensive, integrated solutions for the energy and commodities industry,” said Sunil Biswas, Chief Executive Officer at ION Corporates. “This partnership enhances our offering with advanced tax compliance capabilities, empowering our community to navigate the complexities of tax regulations with confidence.”

PR Newswire
Feb 13th, 2025
Ion Partners With Avalara To Tackle Tax Compliance Risks In Energy Trading

LONDON, Feb. 13, 2025 /PRNewswire/ -- ION Commodities, a global leader in energy and commodity management solutions, announces its strategic partnership with Avalara, a leading provider of cloud-based tax compliance automation for businesses of all sizes. As a technology partner in Avalara's Partner Program, ION Commodities' solutions will standardize integration with Avalara's AvaTax for Energy tax engine solution to address the complexities of tax compliance in energy trading and logistics.Tax compliance in energy markets requires navigating complex and dynamic tax rates and rules across multiple jurisdictions. This partnership between ION and Avalara will reduce the risk of incorrect or delayed tax calculations, thus helping firms to avoid financial penalties, audit risks, and increasing operational efficiency.The forthcoming integration will offer energy companies an automated, more accurate, and scalable tax compliance solution, enabling real-time tax calculation, reducing reliance on manual processes, and minimizing errors. Customers will also benefit from streamlined operations, enhanced decision-making, and reduced administrative overhead, allowing greater focus on core trading and operational objectives.The combination of Avalara's industry-standard expertise in compliance automation and ION Commodities' industry-leading commodity management platforms will deliver an end-to-end solution for trading, risk, logistics, and tax management tailored to the evolving needs of the energy sector."Tax compliance is one of the most onerous factors impacting energy and commodities enterprises, and their ability to scale and operate efficiently," said Steve Lacoff, Vice President and General Manager at Avalara. "Our partnership with ION gives mutual customers in these sectors a greatly simplified path to compliance automation, with reduced compliance risk, and greater operational efficiency.""Collaborating with Avalara aligns with our mission to deliver comprehensive, integrated solutions for the energy and commodities industry," said Sunil Biswas, Chief Executive Officer at ION Corporates

PR Newswire
Feb 11th, 2025
Ion Secures Empanelment With National Stock Exchange Of India

MUMBAI, India, Feb. 11, 2025 /PRNewswire/ -- ION, a global leader in trading, analytics, treasury, and risk management solutions for capital markets, commodities, and treasury management, announces that it is now an empaneled vendor with the National Stock Exchange of India (NSE). This milestone registers ION's Fidessa trading platform for equities, futures and options (F&O), and algorithmic trading on the NSE.Following a rigorous evaluation, the NSE has certified the Fidessa trading platform's functionality as compliant with all relevant exchange rules and regulatory standards. Exchange members may now use the Fidessa solution for equities and F&O trading on the NSE, including for Direct Market Access (DMA) and Smart Order Routing (SOR). Fidessa also provides exchange members with access to 22 different algorithmic trading strategies.The NSE is the world's largest derivates exchange by number of contracts traded, and third largest equities exchange by number of trades. It has been instrumental in developing Indian capital markets, introducing innovative products like the flagship NIFTY 50 index.Robert Cioffi, Global Head of Equities Product Management at ION Markets, said: "ION is pleased to partner with one of the world's premier exchanges, and our successful NSE empanelment reflects the Fidessa platform's position as a trusted and effective solution for brokers trading in the Indian market

PR Newswire
Feb 6th, 2025
Ion'S Openlink V25: Advancing Treasury And Commodity Management

LONDON, Feb. 6, 2025 /PRNewswire/ -- ION Corporates, a global leader in treasury and commodity management solutions, announces the release of Openlink V25, the latest evolution of its flagship trading and risk management platform. Amid rising market volatility, operational complexities, and the global energy transition, Openlink V25 empowers financial and commodity businesses to seize new opportunities with expanded product coverage, streamlined workflows, advanced automation, and access to fully managed ION services.As businesses diversify away from traditional fossil fuels to embrace cleaner, renewable energy sources, Openlink V25 facilitates the transition with the ability to manage traditional energy and renewable businesses side by side. The new version supports emerging products like carbon credits, renewable fuels, and green power certificates, enabling organizations to comply with sustainability mandates, explore new trading strategies, and unlock additional revenue streams.Heightened market pressures and increasingly complex global operations make efficiency and resilience critical for businesses seeking to lower costs and improve responsiveness. Openlink V25 introduces workflows that simplify trade entry, streamline logistics, and enhance the overall trade lifecycle. New advanced automation improves straight-through processing so businesses can rapidly adapt to changing market dynamics and capitalize on growth opportunities

Business Wire
Jan 23rd, 2025
Eleos Raises $60M Series C to Transform Behavioral Health with AI Agents

Eleos, the leader in AI for behavioral health, today announced a $60M Series C funding round led by Greenfield Partners, with participation from exist

PR Newswire
Jan 23rd, 2025
Ion Commodities Responds To Growing Regulatory Pressure In Energy Trading With Ion Lookout

LONDON, Jan. 23, 2025 /PRNewswire/ -- ION Commodities, a global leader in energy and commodity management solutions, announces the integration of its Commodity Trading and Risk Management (CTRM) solutions with ION LookOut, an award-winning regulatory reporting and trade surveillance solution. This integration significantly enhances ION CTRM's compliance capabilities, empowering businesses in the energy sector to address growing regulatory demands, manage compliance risks more effectively, and improve efficiency in an increasingly complex market.Regulatory compliance is a pressing challenge for the energy industry. As frameworks like EMIR, REMIT and Dodd Frank Act (DFA) evolve and sanctions add layers of complexity, the risk of non-compliance, penalties and reputational harm increases. The integration of ION LookOut with ION CTRM solutions empowers organizations to meet current and future global compliance standards in a dynamic regulatory landscape.ION LookOut acts as a universal and unifying platform that consolidates regulatory reporting across multiple sources. Integrated seamlessly with ION CTRM solutions, it enables accurate and timely regulatory reporting across diverse frameworks, including EMIR, REMIT, and DFA, while offering the flexibility to address broader compliance needs across jurisdictions

PR Newswire
Jan 21st, 2025
Ion Joins International Securities Lending Association

LONDON, Jan. 21, 2025 /PRNewswire/ -- ION, a global leader in trading and workflow automation software, high-value analytics and insights, and strategic consulting to financial institutions, central banks, governments, and corporates, has been accepted as an Associate Member of the International Securities Lending Association (ISLA).ISLA is a leading non-profit industry association representing the common interests of securities lending and financing market participants across Europe, the Middle East, and Africa. It has over 200 member firms comprising institutional investors, asset managers, custodial banks, prime brokers, and service providers.As an Associate Member, ION will:Contribute actively to defining trade lifecycle processing standards for repo and securities lending as business practices are automated and standardized.Strengthen its visibility in the securities lending market by demonstrating active involvement in key industry initiatives.Participate in ISLA-hosted events to connect with industry peers.Engage with a diverse network of institutional investors, asset managers, and other industry participants to foster collaboration and share insights.Join influential ISLA committees and working groups to contribute to impactful discussions on advocacy, regulation, and best practices.Working closely with the industry, national, regional, and global regulators, and policymakers, ISLA advocates for the importance of securities lending to the financial services industry. Through its member working groups, ISLA also plays a pivotal role in the creation and promotion of market best practices and processes, thought leadership, standards for legal frameworks, and securities lending guides.Ed Tyndale-Biscoe, Head of Secured Funding Product Development at ION, says, "Joining ISLA demonstrates our commitment to advancing the securities lending industry by fostering innovation, contributing to the development of best practices, and engaging in advocacy. Through active participation in regulatory initiatives and collaborative efforts, we aim to shape a stronger, more resilient market that meets the evolving needs of all stakeholders."Alistair Griffiths, ISLA Director of Business Development, says, "ION's membership highlights ISLA's increasing coverage of the service provider landscape. We look forward to working closely with the team as we continue to collaborate with our members to further develop the technology frameworks and best practices that underpin the securities lending and borrowing sector."About IONION provides mission-critical trading and workflow automation software, high-value analytics and insights, and strategic consulting to financial institutions, central banks, governments, and corporate organizations

PR Newswire
Jan 14th, 2025
Ion Certified As Algorithmic Trading Vendor On Bse

MUMBAI, India, Jan. 14, 2025 /PRNewswire/ -- ION, a global leader in trading, analytics, treasury, and risk management solutions for capital markets, commodities, and treasury management, announces that it is now registered as an Independent Software Vendor for algorithmic trading on BSE (formerly Bombay Stock Exchange). The registration allows exchange members to use the algorithmic trading functionality of ION's Fidessa trading platform on BSE.This milestone follows ION's approval as an equities trading vendor on BSE in June last year, and further strengthens ION's commitment to supporting the evolving needs of the Indian capital markets.BSE has certified the Fidessa trading platform's integrated suite of algorithms as compliant with exchange rules, regulatory standards, and risk management requirements. Fidessa's comprehensive trading solution brings significant advantages to traders in India's markets, where algorithmic trading currently drives over 55% of all trades nationwide. It enables real-time performance monitoring, automates workflows to optimize trading desks, and eliminates the need for additional tools—reducing costs and boosting efficiency.Established in 1875, BSE is Asia's oldest stock exchange and has over 5,700 listings. It has played a key role in the growth of the Indian corporate sector by providing an efficient capital-raising platform.Robert Cioffi, Global Head of Equities Product Management at ION Markets, said: "As a registered vendor on BSE, ION now offers seamless access to advanced algorithmic trading capabilities, fully integrated within the Fidessa trading platform

PR Newswire
Dec 18th, 2024
Mergermarket Reports Cautious Recovery In Global Ma For 2024, Fueling Optimism For Next Year

NEW YORK and LONDON, Dec. 18, 2024 /PRNewswire/ -- Mergermarket, an ION Analytics service, released its 2024 Full-Year M&A Highlights report today, revealing a cautious recovery in global M&A in 2024. M&A volume reached USD 3.4 trillion, up 8% compared to last year's decade low. Despite historically subdued dealmaking, early indicators suggest positive signs for 2025 after central banks in the US and Europe began cutting rates, and this year's record number of elections worldwide concluded.Donald Trump's re-election and the Republican sweep in Congress have raised expectations for a surge in US deal making in 2025. Promises of lower corporate taxes, deregulation, and leadership changes at key regulatory agencies have many dealmakers eyeing opportunities for large transactions previously hindered by antitrust scrutiny under the Biden administration.The global M&A market saw a boost in 1H24 driven by easing financing conditions and strategic large-cap deals. However, a persistent valuation gap between buyers and sellers caused small- and mid-cap activity to remain sluggish

PR Newswire
Dec 17th, 2024
Dealogic 2024 Full-Year Ecm Highlights: Year Of Recovery Ahead Of Trump 2.0

NEW YORK and LONDON, Dec. 17, 2024 /PRNewswire/ -- Dealogic, an ION Analytics service, published its 2024 Full-Year ECM Highlights report today marking a year of recovery for global equity capital markets, but threats of universal global tariffs by the incoming Trump administration could halt momentum next year.Following two challenging years characterized by rising inflation, higher global interest rates, and geopolitical turmoil, issuance volumes surged to USD 741 billion in 2024, up 20% on 2023. The report shows that easing global inflation and the start of interest rate cuts from major central banks bolstered confidence among equity issuers and investors, making 2024 the strongest year for equity capital markets since 2021. The Americas, particularly the US, led the global resurgence with USD 366.7 billion in issuance, up more than 56% from 2023.The mammoth capital raise of Boeing in 4Q24 consisting of a USD 18.5 billion follow-on and a USD 5.75 billion convertible bond deal boosted US volumes. A USD 9 billion capital raise by National Grid and a USD 12.5 billion share sale in Saudi Aramco showed market capacity for gargantuan deals, which will cheer listed issuers going into 2025.In contrast, China saw an 81% fall in ECM volumes, reflecting the broader economic slowdown in the world's second-largest economy. The decline in China was offset by the rise of India which emerged as the best market in APAC and the second-best market globally after the US, with ECM transactions of USD 69.4 billion.The health of the market next year, however, will be dependent on new US President Donald Trump's policies

PR Newswire
Dec 4th, 2024
Vintage Investment Partners Selects Backstop Solutions To Streamline Fundraising, Investor Relations, And Investor Communications

NEW YORK, Dec. 4, 2024 /PRNewswire/ -- ION Analytics, a global provider of personalized, predictive data and market intelligence to advisers, banks, investors, law firms, and corporates, announces that Vintage Investment Partners (Vintage) has selected ION-owned Backstop Solutions (Backstop) to support its fundraising, investor relations, and investor communication initiatives. Vintage, a global investment fund with USD 4 billion in assets under management, invests in leading funds and startups in the USA, Europe, and Israel by combining fund-of-fund, secondary fund, and growth fund investments. To streamline its data, workflow, and reporting, the firm sought a dynamic platform for its fundraising, investor relations, and investor communications. Backstop will give Vintage Investment Partners a consistent, holistic view of the investor lifecycle and will support communications, collaboration, and decision-making across the organization. Backstop offers venture capital firms like Vintage a comprehensive solution to manage fundraising, investor relations, and investor communications efficiently

PR Newswire
Nov 21st, 2024
Industry Leaders Convene At Avcj Private Equity Forum 2024 In Hong Kong

HONG KONG, Nov. 20, 2024 /PRNewswire/ -- Asian Venture Capital Journal (AVCJ), part of Mergermarket and the leading provider of private equity and venture capital intelligence in Asia, this week hosted its 37th Annual AVCJ Private Equity Forum. The event saw a wide range of discussions among leading private equity and venture capital participants from around the world. Leading contributors included Matthew Michelini, Head of APAC, Apollo Global Management, Harvey Schwartz, CEO of Carlyle, and Jeffrey Perlman, CEO of Warburg Pincus. The AVCJ Private Equity Forum brings together over 3,300 senior investors, advisors, and regulators from Asia and more than 50 geographies across the globe. The forum is a valuable opportunity to share insights and forge partnerships, at a time when the global private equity investment revival has yet to extend to Asia, according to Mergermarket data

PR Newswire
Nov 18th, 2024
Fcms Voice Concern Over Economics And Timeline Of Repo And Treasury Clearing

In association with ION, Acuiti published a whitepaper on the impact of the US Treasury market's upcoming clearing mandate. LONDON, Nov. 18, 2024 /PRNewswire/ -- Sell-side firms that will provide clearing services to clients under the SEC's treasury and repo clearing mandates have raised concerns over the economics of participation in the market and the timeline for implementation, a report from Acuiti has found. The Securities and Exchange Commission (SEC) has introduced mandates for centralized clearing of treasury and repo transactions to enhance transparency, stability, and resilience in the $27 trillion Treasury market. The move represents one of the most significant shifts in US capital markets for decades

Silicon Canals
Nov 4th, 2024
ITRS Appoints Ryan Terpstra as CEO

Terpstra joined ION Group after it acquired Selerity, where he was Founder and CEO for over 10 years.

PR Newswire
Oct 2nd, 2024
Mergermarket Announces 2024 British Private Equity Awards Winners

LONDON, Oct. 2, 2024 /PRNewswire/ -- Mergermarket, an ION Analytics service, held its 20th annual British Private Equity Awards at The Brewery in London on 01 October 2024 recognizing the year's best funds, standout exits, and advisors. The winners were announced live at the ceremony, attended by over 300 guests. To determine this year's winners, an independent judging process combined the insights of industry veterans with internal expertise and Mergermarket's data and intelligence, ensuring a rigorous selection process from over 100 submissions. "The British Private Equity Awards honor innovation and excellence within the private equity community," said Rachel Lewis, Head of Auctions and Chair of the Judging Panel at Mergermarket

PR Newswire
Jul 11th, 2024
Abaxx Commodity Futures Exchange And Clearinghouse Partners With Ion To Offer Post-Trade Clearing And Risk Solutions

LONDON, July 11, 2024 /PRNewswire/ -- ION, a global leader in trading and workflow automation software, high-value analytics and insights, and strategic consulting to financial institutions, central banks, governments, and corporates, announces that Abaxx Commodity Futures Exchange and Clearinghouse has chosen ION's XTP technology to support its building of new markets for the ongoing energy transition. The Abaxx Exchange, which began trading in Singapore on 28 June, has partnered with ION to offer robust, scalable, secure post-trade clearing and risk solutions.The new Abaxx Exchange features five new centrally cleared, physically deliverable commodity benchmark futures contracts to help market participants execute their energy transition strategies through improved price discovery and enhanced risk management tools. Abaxx aims to establish physically deliverable benchmarks for global LNG and voluntary carbon markets, followed by battery metals solutions.XTP is essential for exchange clearing members using the ION technology as it allows them to source all trades via the Abaxx Clearinghouse API and perform account transfers, trade splits, and give-up/ take-up processes. Once trades are allocated to the end beneficiary account, XTP performs in real-time position valuations, margining and commission charge calculations. As part of the end-of-day process, XTP calculates the final settlement amounts, and produces all required reports.Dan McElduff, Abaxx Exchange President, Strategy & Development, says, "We are thrilled to collaborate with ION to provide our clients with comprehensive post-trade clearing and risk solutions. With ION's XTP technology and our physically deliverable commodity futures contracts, market participants can benefit from enhanced price discovery and risk management tools

PR Newswire
Jun 27th, 2024
Mergermarket Reports Surge In Large-Cap Ma In 1H24 With Us, Uk Dealmaking Revival

NEW YORK and LONDON, June 27, 2024 /PRNewswire/ -- Mergermarket, an ION Analytics service, reports a resurgence in large-cap strategic M&A in 1H24, marked by a comeback in listed dealmaking, notably in the US and UK. This is according to Mergermarket's 1H24 M&A Highlights report published today, which reveals key trends in the M&A landscape and offers invaluable insights for strategic decision-making. As the premier provider of global proprietary M&A intelligence, data, and AI-driven predictive analytics, Mergermarket is the go-to resource for capital markets participants.The 1H24 M&A Highlights report offers a comprehensive analysis of global trends, dealmaking hotspots with detailed insights on global, regional, and sector activity. It notes that corporates accounted for 73% of deal value in 1H24, a level not seen since before the Covid-19 pandemic. In 2Q24, PE activity surged with buyouts up 81.3%, driven by larger PE buyouts and more public-to-private transactions emerging in early dealmaking stages. PE exits and entries remained slow, focusing on high-quality assets.Sector-driven M&A, influenced by global trends, saw significant activity in the US oil and gas sector with major deals like Marathon Oil hitting the headlines