LIST has now upgraded its FastTrade trading solution to accommodate the migration of Italian bond markets to the Euronext's new Optiq technology trading platform
MILAN, Oct. 24, 2023 /PRNewswire-PRWeb/ -- LIST, an ION company, has completed phase two of the migration of its Borsa Italiana clients onto Euronext's Optiq technology trading platform. Following a successful rollout of the equity segment in March 2023, LIST has now upgraded its FastTrade trading solution to accommodate the migration of Italian bond markets to the new trading platform, offering its Italian sell-side clients access to a rich international investor base.
Developed to cope with the migration of Italian Bond markets managed by Borsa Italiana to Euronext's Optiq technology, LIST's FastTrade solution is fully customizable and offers advanced trading capacities. The release of FastTrade has allowed for a seamless transition of Italian bond market clients, giving investors in Italy access to a broader range of products and enabling the marketplace to trade on an integrated platform.
The migration brings new software versions that support changes in market models and workflows, and the complete redesign and implementation of new data centers and telecommunication infrastructure. Managing the colocation services in phase two of the migration involved additional complexities to the initial phase completed in March 2023, which saw the rollout of the equity segment.
The migration follows Euronext's acquisition of the Borsa Italiana Cash and Derivatives markets exchange in April 2021. Euronext, the pan-European stock exchange and market infrastructure, is replacing the Borsa Italiana exchange's previous Millennium technology with a new Optiq trading platform.
"After successfully migrating equities markets earlier in the year, we're delighted to have now migrated bond market trading seamlessly for our clients," said Vito Mangiaracina, Chief Technology Officer at LIST. "This important achievement was possible thanks to every LIST division's dedication, professionalism, and teamwork. It demonstrates LIST's ability to manage complex projects when supporting our clients and the wider financial community in the transition to a new technology."
"LIST is a key technology provider for financial institutions executing orders on Italian exchanges. While the migration to Euronext Optiq technology for the bond markets came with challenges, thanks to the detailed preparation and cooperation of all the involved parties, the migration was a great success," said Flavio Mazzarotto, Chief Services Officer at LIST.
ION provides mission-critical trading and workflow automation software, high-value analytics and insights, and strategic consulting to financial institutions, central banks, governments, and corporates. Our solutions and services simplify complex processes, boost efficiency, and enable better decision-making. We build long-term partnerships with our clients, helping transform their businesses for sustained success through continuous innovation. For more information, visit https://iongroup.com/.
About ION Markets
ION Markets provides transformative technology and solutions to financial institutions dealing in equities, fixed income, FX, cleared derivatives, and secured funding. Our award-winning end-to-end solutions simplify clients' operations by automating the entire trade lifecycle, providing tools to manage risk, and maximizing access to liquidity, while giving real-time access to critical information for timely operational decisions and execution on a global scale. For more information, visit https://iongroup.com/markets/.
An ION company, LIST is a leading financial technology provider to the global trading community, including trading venues, market makers, brokers, asset managers, risk managers, and compliance officers. LIST's innovative turnkey products and delivery, driven by customers' needs and a skilled, determined young team, play a key role in supporting successful business growth in today's volatile times. Continuous innovation and client partnerships around the globe have built trust and reliance on LIST's unique real-time and data analytics capabilities.