ION Launches XTP for Event Contracts; Wedbush Deploys in Under 6 Weeks

GateNews

According to ION Group, ION launched XTP for Event Contracts in late 2025, extending its post-trade platform to support real-time processing of event-based derivatives for futures commission merchants. The platform enables contract creation, event resolution, and settlement continuously, including weekends and holidays.

Wedbush Securities was among the first to deploy XTP, completing the implementation in under six weeks for an initial launch focused on benchmarks, economic indicators, politics, and sports-related markets. The platform connects to multiple venues, supports pre-configured event contracts, and includes reconciliation tools with immediate settlement once events are resolved.

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