Sigma and ION Reinforce Their Partnership with Advanced Trading Solutions
By Maya Kim, a tech enthusiast uncovering the latest global innovations
Sigma Broking, a leading privately-owned brokerage firm, has taken a significant step forward by enhancing its partnership with ION through the adoption of the XTP Execution suite. This strategic move is set to revolutionize the way Sigma’s customers engage with the London Metal Exchange (LME), offering them unparalleled access to trade listed derivatives.
Sigma’s new trading capabilities on the LME
Gary Pettit, CEO of Sigma Broking, emphasized the importance of this advancement, stating, “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.” This statement underscores Sigma’s commitment to providing its clients with cutting-edge trading solutions.
Francesco Margini, chief product officer for cleared derivatives at ION Markets, also highlighted the benefits of the XTP Execution suite. “Using XTP Execution, Sigma is able to capitalize on additional opportunities on the LME, using integrated workflows and connected data for real-time insights,” Margini explained. This integration not only enhances Sigma’s operational efficiency but also opens up new avenues for growth and innovation in commodity trading.
The partnership between Sigma and ION marks a pivotal moment in the financial technology sector, showcasing how collaboration and technological advancement can lead to significant improvements in trading infrastructure and client services.
As the financial technology landscape continues to evolve, partnerships like the one between Sigma and ION will play a crucial role in shaping the future of trading and investment strategies. The adoption of the XTP Execution suite by Sigma is a testament to the firm’s dedication to staying at the forefront of technological innovation and providing its clients with the tools they need to succeed in the competitive world of commodity trading.
