GATElab selected by LSEG to deliver trading front-end to the Italian Derivatives Market (IDeM)
The London Stock Exchange Group selected GATElab’s traderpath technology for its front-end product (BTS) for trading on the Italian Derivatives Market (IDeM). The successful go live of the IDeM market onto the TMX Group’s SOLA trading platform on 8 November 2010 follows the EDX London market migration on the same platform of December 2009.
The traderpath platform has been built in response to buy and sell side needs and is a new generation brokering platform with professional high-end trading, quoting and algorithmic support. New functionalities have been added for the IDeM go live in order to offer more complex and innovative trading strategies to its end users.
The collaboration between GATElab and Borsa Italiana, part of London Stock Exchange Group, started in 2004, when traderpath was white-labelled into BTS (BIt Trading Station). Following the LSE and Borsa Italiana merger in 2007, GATElab has become the front end provider for the EDX London market on the SOLA trading platform and for the UK Retail Bond market on the TradElect trading platform.
Ferdinando La Posta, Chairman of the Board at GATElab said: “GATElab is proud of this achievement. Following the EDX London migration onto the TMX Group’s SOLA trading platform less than a year ago using the GATElab’s traderpath front-end technology, we are delighted to have been chosen as the front-end providers for the IDeM as well. This proves the robustness of our products and architecture and the reliability of our Company”.