The Italian
buying and selling neighborhood can now get pleasure from enhanced buying and selling capabilities and entry to a
broader vary of merchandise, because of the profitable migration of Borsa
Italiana’s derivatives market onto Euronext’s Optiq platform.
Borsa Italiana Completes
Migration to Euronext’s Optiq Buying and selling Platform
The transfer follows
Euronext’s acquisition of the Borsa Italiana Money and Derivatives markets
trade in April 2021. Euronext, a pan-European inventory trade and market
infrastructure, has changed Borsa Italiana’s earlier Millennium and
SOLA applied sciences with its Optiq buying and selling platform.
The
migration started in March 2023 with the fairness phase and continued in
October 2023 with the bond phase and has now concluded with the profitable
transition of derivatives purchasers. Within the meantime, Euronext bought its stake in a clearing home LCH for €111 million,
With its FastTrade buying and selling resolution, LIST has performed a vital function in facilitating a
seamless transition for its purchasers. “After efficiently migrating
equities and bond money markets throughout 2023, we’re delighted to have now
seamlessly migrated the derivatives marketplace for all our purchasers,” mentioned Vito
Mangiaracina, the Chief Expertise Officer at LIST.
The
FastTrade resolution, designed as a low-latency, multi-asset digital buying and selling
system, provides superior buying and selling functionalities and a normalized connectivity
structure. This has allowed for a easy transition to the Optiq expertise,
minimizing operational dangers and transition prices whereas offering buyers
entry to a broader vary of merchandise and new functionalities.
“The
migration to Euronext Optiq expertise for the derivatives market was a
difficult and dangerous venture however, because of the extraordinary preparation and
cooperation of all of the concerned events, the venture was an excellent success,” Flavio
Mazzarotto, Chief Companies Officer at LIST, added.
Euronext New Executives and Repurchase Program
A month in the past, Euronext revealed adjustments inside its govt workforce, together with appointing a brand new Head of Gross sales for its Digital Communication Community (ECN) used for trade buying and selling. Moreover, it introduced the appointment of a brand new chief for its Singapore workplace in the beginning of the month. Nicolas Jégou, CEO of Euronext FX, disclosed by way of social media that Stuart Parris, a five-year veteran on the firm, has been promoted to Head of Gross sales. Parris joined the ECN’s workforce in 2018, initially serving because the Gross sales Director in EMAA Gross sales to Asset Managers.
In January, the pan-European market operator initiated a share repurchase program, highlighting its strong money era capability. This program, capped at €200 million, demonstrates Euronext’s dedication to a disciplined capital allocation technique and displays the corporate’s ongoing efforts to handle its debt ranges whereas preserving its credit standing.
The Italian
buying and selling neighborhood can now get pleasure from enhanced buying and selling capabilities and entry to a
broader vary of merchandise, because of the profitable migration of Borsa
Italiana’s derivatives market onto Euronext’s Optiq platform.
Borsa Italiana Completes
Migration to Euronext’s Optiq Buying and selling Platform
The transfer follows
Euronext’s acquisition of the Borsa Italiana Money and Derivatives markets
trade in April 2021. Euronext, a pan-European inventory trade and market
infrastructure, has changed Borsa Italiana’s earlier Millennium and
SOLA applied sciences with its Optiq buying and selling platform.
The
migration started in March 2023 with the fairness phase and continued in
October 2023 with the bond phase and has now concluded with the profitable
transition of derivatives purchasers. Within the meantime, Euronext bought its stake in a clearing home LCH for €111 million,
With its FastTrade buying and selling resolution, LIST has performed a vital function in facilitating a
seamless transition for its purchasers. “After efficiently migrating
equities and bond money markets throughout 2023, we’re delighted to have now
seamlessly migrated the derivatives marketplace for all our purchasers,” mentioned Vito
Mangiaracina, the Chief Expertise Officer at LIST.
The
FastTrade resolution, designed as a low-latency, multi-asset digital buying and selling
system, provides superior buying and selling functionalities and a normalized connectivity
structure. This has allowed for a easy transition to the Optiq expertise,
minimizing operational dangers and transition prices whereas offering buyers
entry to a broader vary of merchandise and new functionalities.
“The
migration to Euronext Optiq expertise for the derivatives market was a
difficult and dangerous venture however, because of the extraordinary preparation and
cooperation of all of the concerned events, the venture was an excellent success,” Flavio
Mazzarotto, Chief Companies Officer at LIST, added.
Euronext New Executives and Repurchase Program
A month in the past, Euronext revealed adjustments inside its govt workforce, together with appointing a brand new Head of Gross sales for its Digital Communication Community (ECN) used for trade buying and selling. Moreover, it introduced the appointment of a brand new chief for its Singapore workplace in the beginning of the month. Nicolas Jégou, CEO of Euronext FX, disclosed by way of social media that Stuart Parris, a five-year veteran on the firm, has been promoted to Head of Gross sales. Parris joined the ECN’s workforce in 2018, initially serving because the Gross sales Director in EMAA Gross sales to Asset Managers.
In January, the pan-European market operator initiated a share repurchase program, highlighting its strong money era capability. This program, capped at €200 million, demonstrates Euronext’s dedication to a disciplined capital allocation technique and displays the corporate’s ongoing efforts to handle its debt ranges whereas preserving its credit standing.
