(Finance) – LISTa company of the ION group, has completed the second phase of the migration of its Italian customers on Euronext’s Optiq-powered trading platform. The operation was possible thanks toFastTrade updateLIST’s trading solution, which was adapted after the migration of the Borsa Italiana bond markets to the new trading platform.
Migration became necessary following the acquisition by Euronext of the Cash and Derivatives markets of Borsa Italiana in April 2021. Euronext, the pan-European stock exchange and market infrastructure, is in fact replacing the previous Millennium technology of Borsa Italiana with a new trading platform called Optiq.
The FastTrade update has enabled a secure customer transition of the bond market Italian, offering investors in Italy access to a wider range of products and allowing the market to trade on an integrated platform.
Migration requires new software releases that support changes in market models and workflows, as well as the complete redesign and implementation of new data centers and telecommunications infrastructures. This second phase of the migration entailed greater complexity due to the management of colocation services.
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