Advantage Futures migrates to ION’s XTP
10 September 2024 US
Image: SergeyBitos/stock.adobe.com
Advantage Futures has migrated to ION’s cleared derivatives trade processing platform XTP.
Advantage Futures is a volume clearing firm with a diverse client base, including professional traders, institutional clients, exchange traded funds, foreign and domestic non-clearing futures brokers, hedge funds, and individual traders.
Since its launch in 2003, it has processed more than 5.3 billion contracts, according to the firm.
Advantage Futures expects that XTP will allow it to further scale its business and create a more efficient experience for clients with real-time visibility of positions, commissions, fees, margins, cash flows, and risk.
Joe Guinan, chairman and CEO of Advantage Futures, says: “As we continue to scale the business, we prioritise giving clients customised technology to navigate an increasingly complex market.
“Having completed the migration to ION’s XTP, we now deliver real-time data and automation capabilities, meeting client needs to process ever-growing trade volumes quickly and efficiently.”
Francesco Margini, chief product officer for cleared derivatives at ION Markets, adds: “The transition from [Advantage Funds’] legacy back-office solution to XTP was completed in record time, leveraging ION’s established methodology and tools developed to manage large and complex migration projects.”
Advantage Futures is a volume clearing firm with a diverse client base, including professional traders, institutional clients, exchange traded funds, foreign and domestic non-clearing futures brokers, hedge funds, and individual traders.
Since its launch in 2003, it has processed more than 5.3 billion contracts, according to the firm.
Advantage Futures expects that XTP will allow it to further scale its business and create a more efficient experience for clients with real-time visibility of positions, commissions, fees, margins, cash flows, and risk.
Joe Guinan, chairman and CEO of Advantage Futures, says: “As we continue to scale the business, we prioritise giving clients customised technology to navigate an increasingly complex market.
“Having completed the migration to ION’s XTP, we now deliver real-time data and automation capabilities, meeting client needs to process ever-growing trade volumes quickly and efficiently.”
Francesco Margini, chief product officer for cleared derivatives at ION Markets, adds: “The transition from [Advantage Funds’] legacy back-office solution to XTP was completed in record time, leveraging ION’s established methodology and tools developed to manage large and complex migration projects.”
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