Case Study: European Global Trading Market achieves 3x automated bond execution and streamlined best-execution with ION FI EMS

Automated best execution on D2C and CLOB markets

European Global Trading Market, a broker serving 1,000 clients, 150 dealers and trading 10,000 products (about 60,000 bond orders per month), needed an automated best‑execution workflow that could source liquidity across CLOB and D2C venues, automate buy‑side RFQ negotiation, enforce 30 execution policies, keep a full audit trail and provide MiFID II proof of best execution. To meet this challenge they selected ION’s FI EMS solution.

ION deployed FI EMS in its data centers and integrated it with the broker’s order collection channels and back‑office to centralize trading on a single screen, with a programmable best‑execution engine, D2C counterparty ranking and full MiFID II reporting. The implementation tripled the percentage of bond orders executed automatically, reduced operational risk and let traders focus on higher‑value trades while maintaining complete execution control and auditability.