About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

OptionsDesk Adopts ION’s XTP Front-to-Back Suite for Exchange-Traded Derivatives

Subscribe to our newsletter

OptionsDesk, the UK options broker that provides advisory and brokerage services for retail investors, corporations, and financial institutions, has signed a long-term strategic partnership with ION, the trading, analytics, treasury and risk management solutions vendor. The deal will enable OptionsDesk to expand its exchange-traded derivatives (ETDs) capabilities by utilising ION’s XTP Front-to-Back Suite for both equity derivatives and traditional futures and options.

Building on its existing relationship with ION, the company has selected ION’s XTP Trading, XTP Clearing, and XTP Cleared Derivatives solutions to underpin its end-to-end digital strategy and support its next growth phase.

“We’re primarily an equity derivatives business, but we really do want to expand a lot more into commodities and capital markets,” James Proudlock, Managing Director at OptionsDesk  tells TradingTech Insight. “Knowing that we’ve got both the equity derivatives and futures & options capability is really exciting for us, because historically they have almost always been separate.” Even in the biggest shops, they’re traditionally run as separate business units, says Proudlock. “They sit on different floors, they have different systems, and those systems don’t really talk to each other. So when we were evaluating solutions, we wanted something that was as good at equities and equity derivatives as it was at futures and options. And ION clearly stood head and shoulders above all other derivatives technology providers in that regard.”

Francesco Margini, Chief Product Officer for Cleared Derivatives, ION Markets, adds: “This is not completely new, but in terms of front to back integration of equity derivatives, we’re expanding the options exercise and assignment functionality to properly process the physicals. And we’re really proud of the fact that OptionsDesk will be the first customer able to effectively process equity derivatives alongside other ETDs across the front, middle and back office.”

For OptionsDesk, it was essential to partner with a vendor that could deliver a robust solution, says Proudlock. “When offering futures and options to retail customers, you’ve got to be incredibly careful about the exposures that those customers take on. You’ve got to be able to have margin simulations, very strong pre trade risk controls, and an absolutely bulletproof front-to-back infrastructure, because in the retail environment, the regulator is understandably very much in favour of protecting those retail investors. So you really need to make sure that you have institutional grade tools for those retail investors.”

“The solution is totally hosted and managed by ION on behalf of AMT,” says Margini. “We take care of the technology part, all the software upgrades, the monitoring of infrastructure, the connectivity, the processing, everything.”

OptionsDesk is a trading name of AMT Futures Ltd and part of the AMC Group.

Subscribe to our newsletter

Related content


Recorded Webinar: Leveraging interoperability: Laying the foundations for unique best-of-breed trading solutions

Interoperability on the trading desk promises more actionable insights, real-time decision making, faster workflows and reduced errors by ensuring data consistency across frequently used applications. But how can these promises be kept in an environment characterised by multiple applications and user interfaces, numerous workflows and technology vendors competing for space on the trader’s desktop? This...


Lab49 and interop.io Form Strategic Partnership to Enhance Trading Desktop User Experience

Lab49, the specialist technology consultancy owned by ION Group, has partnered with interop.io, the interoperability provider formed when Glue42 and Finsemble merged last year, to provides buy and sell-side firms with comprehensive access to interop.io’s suite of solutions together with bespoke professional services from Lab49. Together, the two companies aim to modernise the trading desktop...


AI in Capital Markets Summit London

The AI in Capital Markets Summit will explore current and emerging trends in AI, the potential of Generative AI and LLMs and how AI can be applied for efficiencies and business value across a number of use cases, in the front and back office of financial institutions. The agenda will explore the risks and challenges of adopting AI and the foundational technologies and data management capabilities that underpin successful deployment.


ESG Data Handbook 2022

The ESG landscape is changing faster than anyone could have imagined even five years ago. With tens of trillions of dollars expected to have been committed to sustainable assets by the end of the decade, it’s never been more important for financial institutions of all sizes to stay abreast of changes in the ESG data...