ION subsidiary LIST has completed phase two of the migration of its Borsa Italiana clients onto Euronext’s Optiq technology trading platform.
The move follows a successful rollout of the equity segment in March. LIST has upgraded its FastTrade trading solution to accommodate the migration of Italian bond markets to the new platform, providing Italian sell-side clients increased access to international investor bases.
LIST’s FastTrade solution is fully customisable and offers improved trading capabilities, developed to handle the migration of Italian bond markets managed Borsa Italiana to Euronext’s Optiq technology.
FastTrade has provided a transition of Italian bond market clients, offering Italian investors increased access to a range of products, alongside enabling the marketplace to trade on an integrated 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.
“[…] 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.”
The migration also brings new software versions, aiding with changes in market models and workflows, as well as a redesign and implementation of new data centres and telecommunication infrastructure.
The migration follows Euronext’s acquisition of the Borsa Italian Cash and Derivatives markets exchange in April 2021. Euronext is replacing previous Millennium technology used by the Borsa Italiana exchange with a new Optiq trading platform.
Read more: European Commission approves Euronext Borsa Italiana acquisition
“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.