GATElab has been selected by Banca IMI as Technology Provider for its Smart Order Routing and Best Execution on OTC Fixed Income products
On the 14th of February Banca IMI has gone live with RETLOTS-PIT, a whole environment for the OTC Fixed Income Best Execution within the Banca IMI Market Hub platform. The Technology Provider selected to deliver the solution is GATElab, a company founded in 1989 that delivers to Banks and Financial Institutions traderpath, a complete suite of products for brokering, market-making and price-taking activities.
RETLOTS-PIT is fully based on traderpath. It is able to build a liquidity book, for a specific OTC bond, matter of brokering activity through the Market Hub platform, gathering information from the counterparties available on the OTC circuits. It is then able to send automatic, semi-automatic and manual orders to the best counterparties on these circuits, in accordance with the best execution policies agreed with Banca IMI Clients.
Traderpath OTC SOR is the latest addition to the wide multi-asset solution products that GATElab is able to offer to its clients in the areas of trading, with or without algos, market making, smart order routing for listed markets and high frequency trading.
Ferdinando La Posta, Chairman of the Board at GATElab, says:” The launch of this new product strengthens our offering in the bonds area, providing our customers with the ability to negotiate not only in regulated markets, in compliance with the MiFID rules, but also within the large OTC market. Banca IMI has always been leader in the creation and innovation of sophisticated services in the OTC world as well as the regulated one. We are proud of the trust Banca IMI keeps showing us, making our relationship stronger by the years”.