

| Trading The ION.NET Interface is the trading interface of the ION solution. It enables traders to access more than 100 electronic markets in a single view, using a fully customizable, user-friendly interface. The ION.NET supports market making, price taking, and RFQ or negotiation models on Cash, Derivatives, and Repo & Securities Lending markets. The MarketView platform supports integrated trading tools such as the Multi-Market Spread Trading Tool (MMS), Auto-Hedger, and Market Aggregation. From front to back office, normalized data structures allow a seamless feed of trade data from a variety of markets. Pricing An easy-to-use, flexible pricing interface with extensive coverage of bond types. Trader prices and derived indicators are calculated in real time. Safety checks are incorporated to prevent poor-quality quotes being submitted to the market. Any combination of a number of available pricing models can be configured for each instrument or set of instruments. |
Position Keeping and Risk Management Technology The system provides a range of Open APIs for various programming languages including C, C++, and Java for easy integration of existing in-house components. Adapters for standard messaging platforms and databases are readily available |