Sigma extends partnership with ION 20 March 2024UK Reporter: Sophie Downes
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IION has extended its partnership with Sigma Broking through the adoption of ION’s XTP Execution suite.
The international brokerage company currently deploys ION’s post-trade solutions to automate its middle and back-office operations.
Sigma, a privately-owned brokerage company, will now use the XTP Execution suite to allow customers to trade listed derivatives on the London Metal Exchange.
Gary Pettit, CEO of Sigma Broking, says: “Sigma Broking is one of only eight Category 1 Ring Dealing members on the LME; ION’s XTP Execution further strengthens our front-office execution capabilities and infrastructure for trading commodities on the LME.”
Francesco Margini, chief product officer for cleared derivatives at ION Markets, adds: “Using XTP Execution, Sigma is able to capitalise on additional opportunities on the LME, using integrated workflows and connected data for real-time insights.”
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