ION subsidiary LIST has completed phase two of the migration of its Borsa Italiana clients on to 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 an international investor base.
LIST chief technology officer, Vito Mangiaracina, said, “After successfully migrating equities markets earlier in the year, we’re delighted to have now migrated bond market trading seamlessly for our clients.”
The migration brings new software versions that support changes in market models and workflows, and the complete redesign and implementation of new data centres 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.
LIST chief services officer, Flavio Mazzarotto, said, “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.”
© Markets Media Europe 2023
