XTP Clearing Automate and simplify your cleared derivatives middle office

Discover what ION can do for you

A complete solution for matching, allocation, and clearing

Cleared derivatives markets are more complex than ever. And clients are more sophisticated.

Whether you’re a global clearing firm, a non-clearing member, or an end customer clearing through a third party, ION’s XTP Clearing can transform this complexity into simplicity.

Advanced technology for STP, regulatory compliance, and real-time visibility of your business

XTP Clearing can process millions of trades per day with STP rates of over 99.99%. Our solution makes it easy to comply with regulations like MiFID II and EMIR. And it gives you visibility of your business in real time.

  • A complete, all-in-one solution

  • Worldwide connectivity

  • Automated matching

  • Real-time monitoring

  • Fast and efficient

  • Scalable with your business

Key features

  • Do everything you need on one platform

    • Manage all your clearing in one global system.

    • Connect to CCPs and execution platforms worldwide- through our network of local data centers.

    • Enrich clearing trades with fee, commission, regulatory, and other data through matching to trade executions.

  • Boost your efficiency

    • Automate even the most complex matching using our flexible allocation engine.

    • Get allocations right the first time for maximum STP rates.

    • Resolve exceptions the same day, with no need for reconciliations or manual corrections in the back office.

    pre trade risk check
  • Easily connect your existing platforms

    • Integrate systems using FIX feeds and industry standard APIs, including your golden source of account data.

    • Work with all major back-office platforms including XTP Core, and easily share between systems.

    • Connect to execution platforms like ION XTP Execution and share post-trade and clearing data with your front office in real time.

    trade risk assessment
  • Get a complete view of your business

    • Monitor allocations using built in KPIs and integrated MIS reporting.

    • Get instant, customizable alerts about allocation events and limit breaches.

    • View comprehensive clearing metrics, including per client and market.

  • Take your customer service to a new level

    • Manage allocations in real time to meet all your clients’ needs.

    • Let your clients view their clearing status in real time.

    • Empower your clients to perform their own allocations online.

    pre trade risk check
  • Free your business to grow

    • Scale your operations limitlessly—up to 10 million lines per day or higher.

    • Easily set up CCPs and broker-cleared markets with no additional hardware or software.

    • Onboard new clients quickly and easily.

    trade risk assessment

Enhance your solution with optional value added modules

Achieve even more with your XTP solution by adding features that meet your specific needs.

Latest Markets awards

A-Team Innovation Awards 2024

Most Innovative Trade Surveillance Solution

RegTech Insight Awards APAC 2024

Best Solution for Records Retention

TradingTech Insight Awards Europe 2024

Best Smart Order Routing Application

RegTech 100 list 2024

RegTech 100 list for 2024

WatersTechnology Asia Awards 2023

Best Algo Trading Solution

TradingTech Insight Awards 2023

Best Solution for Options Trading

TradingTech Insight Awards 2023

Best Transaction Cost Analysis (CTA) Tool

TradingTech Insight Awards 2023

Best Smart Order Routing Application

RegTech Insight Europe Awards 2023

Best Solution for Records Retention

Waters Sell-side Technology Awards 2023

Best Smart Order Routing Product/Tool

TradingTech Insight Awards Europe 2023

Best Smart Order Routing System

Trade Tech Insights Europe Awards 2023

Best Sell-Side Order Management System (OMS)

GW Platt FX Tech Awards 2023

Best TMS Provider with FX Module

RegTech Insight Awards APAC 2022

Best Operational Risk Solution

Buy-Side Technology Awards 2022

Best buy-side algo trading tool/suite

FOW Asia Capital Markets Awards 2022

Derivatives Trading System of the Year

FOW Asia Capital Markets Awards 2022

Best Connectivity Provider of the Year

WatersTechnology Asia Awards 2022

Best AI-based Solution

WatersTechnology Asia Awards 2022

Best Middle-Office Platform

FX Markets e-FX Awards 2022

Best connectivity, hosting, and co-location service

TradingTech Insight USA Awards 2022

Best Managed Services Solution for Trading

A-Team Innovation Awards 2021

Most innovative AI/NLP/Machine Learning Initiative for Pre-Trade

TradingTech Insight Awards Europe 2022

Best Smart Order Routing System

RegTech Insight Awards Europe 2022

Best Solution for Records Retention

Markets Choice Awards 2022

Best Risk Management Product

GW Platt FX Tech Awards 2022

Best API Trader

FOW International Awards 2021

Best Derivatives Trading System of the Year

FOW Asia Capital Markets 2021

Best Derivatives Trading System of the Year

A-Team Group TradingTech Insight USA Awards 2021

Best Trading Solution for Fixed Income Markets

TradingTech Insight Europe Awards 2021

Best Trading Solution for Fixed Income Markets

A-Team Group TradingTech Insight Europe Awards 2021

Best Trading Solution for Fixed Income Markets

FOW International Awards 2020

Risk Management Solution of the Year

FOW International Awards 2020

Post Trade System of the Year

FOW International Awards 2020

Technology Innovation of the Year

FOW & Global Investor Asia Capital Markets Awards 2018

Derivatives Trading System of the Year

Water Rankings 2020

Best Execution Management System

TradingTech Insight USA Awards 2020

Best Sell-Side OMS

FOW International Awards 2019

Best New Product – Trade Reconciliation

FX Week e-FX Awards 2019

Best Connectivity Provider of the Year

TradingTech Insight North America Awards 2019

Best Sell-Side OMS

Waters Sell-side Technology Awards 2019

Best Smart Order Routing Product/Tool

A-Team Group TradingTech Insight Europe Awards 2019

Best Smart Order Routing System

FOW International Awards 2018

Sell-side Trading System of the Year

CTA Intelligence European Services Awards 2018

Best Trading and Execution Technology

A-Team Intelligent Trading Technology Awards 2018

Best Buy-side OMS

A-Team Group RegTech Awards 2018

Best Algorithmic Tagging Solution

Markets Media Markets Choice Awards 2018

Best New Product – Dark Pool Trading

Markets Media Markets Choice Awards 2018

Best Sell-Side OMS

Markets Media Markets Choice Awards 2018

Best Sell-side Order Management System

Intelligent Trading Technology (ITT) Awards 2018

Best Buy-Side OMS

CTA Intelligence US Services Awards 2018

Best Trading and Execution Technology

Fund Technology & WSL Awards 2018

Best Utilities Technology

FOW International Awards 2017

Sell-side Trading System of the Year

Global Grain Awards 2017

Award for Innovation

FOW & Global Investor Asia Capital Markets Awards 2017

Equity Trading System of the Year

CTA Intelligence US Awards 2017

Best Trading and Execution Technology Provider

CTA Intelligence European Services Awards 2017

Best Trading and Execution Technology

FOW & Global Investor Asia Capital Markets Awards 2017

Derivatives Trading System of the Year

Intelligent Trading Technology Awards 2017

Best Cross Asset Trading System

Intelligent Trading Technology Awards 2017

Best Sell-side OMS

Waters Sell-side Technology Awards 2017

Best Sell-Side Front-Office Execution Platform

Markets Media Markets Choice Awards 2017

Best Sell-side Order Management System

FOW International Awards 2016

Sell-side Trading System of the Year

Waters Buy-Side Technology Awards 2016

Best Buy-Side Compliance Product

FOW Awards for Asia 2016

Sell-side Trading System of the Year

Inside Market Data Awards 2016

Most Innovative Market Data Project

Markets Media Markets Choice Awards 2016

Best Sell-side Order Management System

Waters Sell-side Technology Awards 2016

Best Sell-Side Front-Office Execution Platform

HFM US Technology Awards 2016

Best Compliance Product

FOW International Awards 2015

Sell-side Trading System of the Year

FOW International Awards 2015

Best New Technology Product – Post Trade

FOW Awards for Asia 2015

Best Sell-side Trading System of the Year

Waters Rankings Awards 2015

Best Sell-Side OMS Provider

Financial Technologies Forum 2015

Best New Post-Trade Solution for the Buy Side

The Asian Banker Financial Markets Awards 2015

Trading Platform of the Year

Waters Sell-side Technology Awards 2015

Best Sell-Side Front-Office Execution Platform

The Asian Banker Financial Markets Awards 2015

Trading Platform of the Year

The Asian Banker Financial Markets Awards 2015

Trading Platform of the Year

FOW International Awards 2014

Best Sell-Side Trading System of the Year

Financial News Awards for Excellence in Trading & Technology 2014

Best Execution Management System

FOW Awards for Asia 2014

Best Sell-side Trading System of the Year

FOW International Awards 2013

Sell-side Trading System of the Year

The Compliance Register Platinum Awards 2013

Best Client Services Team

FOW Awards for Asia 2013

Best Sell-side Trading System of the Year

Markets Media Markets’ Choice Awards 2013

Best Buy-side OMS

Wall Street Letter Institutional Trading Awards 2013

Best Equities Trading Platform

FOW Awards 2012

FCMs’ ISV of the Year

The Compliance Register Platinum Awards 2012

Best Asset Management Solution

Buy-Side Technology Awards 2012

Best Buy-Side Compliance Product

Financial News Awards for Excellence in Trading & Technology Europe 2012

Best Sell-side Trading System

FOW Awards for Asia 2012

Best New Product for Connectivity

Wall Street Letter Institutional Trading Awards 2012

Best Equities Trading Platform

Buy-Side Technology Awards 2011

Best Buy-Side Compliance Product

Financial News Awards for Excellence in Trading & Technology Europe 2011

Best Sell-side Trading System

Financial Sector Technology Awards 2011

Most Innovative Data Intelligence Product of the Year

Funds Europe Awards 2010

European Front Office of the Year

Banking Technology Awards 2010

Readers’ Choice Award for Best Trading Platform/Order Management Product

Buy-Side Technology Awards 2010

Best Buy-side Compliance Product

Financial News Awards for Excellence in Trading & Technology Europe 2010

Best Sell-side Trading Platform

Inside Market Data Awards 2010

Most Innovative Market Data Project

The Asian Banker Financial Markets Awards 2010

Sell-side Trading Platform of the Year

Buy-Side Technology Awards 2009

Best Buy-side Compliance Product

Buy-side Technology Awards 2010

Product of the Year

Financial News Awards for IT Excellence 2009

Best Trading System for Sell-side

Financial News Awards for IT Excellence 2009

Best Trading System for Buy-side

Waters Magazine Readers' Rankings 2009

Best Sell-Side OMS

Finextra 2009

Innovation Showcase

OStCaR Awards by the Academy of Compliance Excellence 2008

Best Technology Service (Compliance)

Buy-Side Technology Awards 2008

Best Buy-Side EMS

Buy-side Technology Awards 2008

Best Compliance Solution

Financial News Awards for IT Excellence 2008

Best Sell-Side Trading Platform

TradeTech European Awards 2008

Best Sell-Side OMS

Waters Magazine Readers’ Rankings 2008

Best Sell-Side OMS

FOW’s Derivatives Award 2007

Derivatives ISV of the Year

Financial-i Awards 2007

Most Innovative OMS

European Banking Technology Awards 2007

Best Trading Platform

Buy-Side Technology Awards 2007

Best Buy-side EMS

PLC Award 2007

Best Technology

Systems in the City Awards 2005

Best Information Display System

Sunday Times Tech Track 100 2004

Top 100 Britain’s fastest growing technology companies

Inside Market Data Industry Awards 2004

Best New Product Development

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Discover what ION can do for you