ION has announced that its Fidessa trading platform now supports Request for Quote (RFQ) functionality for Exchange Traded Funds (ETFs), featuring an integration with the Tradeweb electronic trading platform. This collaboration allows mutual clients to access Tradeweb’s ETF RFQ workflow directly within their existing Fidessa environment, creating a seamless connection between the two systems for institutional investors.
The integration focuses on enhancing automation and efficiency across the entire trade lifecycle, from execution to settlement. Users can manage ETF RFQs on their Fidessa screens, utilising Tradeweb’s straight-through processing tools to reduce manual intervention and minimise trade errors. In addition to streamlining access to global liquidity, the functionality aims to strengthen compliance and risk management by providing a transparent, auditable trail of quote requests and pricing to ensure best execution obligations are met.
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