Case Study: Large Broker Service Company achieves 3x increase in automated bond executions and streamlined best execution across D2C & CLOB with ION FI EMS

Automated best execution on D2C and CLOB markets

Large Broker Service Company, a broker serving 1,000 clients across European and global markets, needed an automated best‑execution workflow to handle bonds, cash equities, derivatives and ETFs across 150 dealers, 30 execution policies, 10,000 tradable products and roughly 60,000 bond orders per month while providing MiFID II proof of best execution. They selected ION and its FI EMS solution to centralize and automate their multi‑venue trading and execution policies.

ION deployed FI EMS in its data centers and integrated it with the broker’s order collection channels and back‑office, providing a single screen for CLOB and D2C price discovery, a programmable best‑execution engine, and granular D2C counterparty ranking. The rollout tripled the percentage of bond orders executed automatically, reduced operational risk, delivered full execution audit trails and MiFID II reporting, and gave traders complete control of the execution process.