LIST – owned by ION – has completed the migration of its Borsa Italiana clients to Euronext’s Optiq trading platform.
Through this move, Euronext is replacing Borsa Italiana’s previous Millennium and SOLA technologies with the new Optiq trading platform.
Vito Mangiaracina
The move comes after Euronext’s acquisition of the Borsa Italiana cash and derivatives markets exchange in April 2021. The third and final phase follows the successful rollout of the equity and bond segments, prior to this most recent migration of its derivatives clients.
Vito Mangiaracina, chief technology officer at LIST, said: “After successfully migrating equities and bond cash markets during 2023, we’re delighted to have now seamlessly migrated the derivatives market for all our clients.
“This final step in the extensive project has once again demonstrated our ability to manage complex projects involving multiple stakeholders. I wholeheartedly thank the team for their professionalism and commitment to such a large-scale project.”
LIST’s FastTrade modular solution is a low-latency and multi-asset electronic trading system.
The transition to Optiq is set to minimise operational risks and transition costs as well as providing investors with access to a broader range of products and new functionalities.
Flavio Mazzarotto, chief services officer for LIST explained: “The migration to Euronext Optiq technology for the derivatives market was a challenging and risky project but, thanks to the extraordinary preparation and cooperation of all the involved parties, the project was a great success. It has again demonstrated that LIST is the leading technology provider for financial institutions executing orders on Italian exchanges.”