ION, the trading and workflow automation software provider, has announced that Instantia, an Australia-based digital FX and risk management company, has selected ION’s Foreign Exchange (FX) solution. By using ION, Instantia to streamline its FX operations, including trade execution, risk management, and settlement processes for FX cash and derivative products.
Instantia will use ION’s APIs to build customised user interfaces for clients and dealers, enhancing the overall user experience. This collaboration highlights Instantia’s commitment to leveraging cutting-edge technology for optimising currency exchange and cross-border payment solutions.
Richard Poulton, CEO at Instantia, commented: “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: “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.”
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