ION-owned LIST completes phase two of client migration onto Euronext’s Optiq trading platform

Milan, Italy, 24 October 2023:  LIST, an ION company, has completed phase two of the migration of its Borsa Italiana clients onto Euronext’s Optiq technology trading platform. Following a successful rollout of the equity segment in March 2023, LIST has now upgraded its FastTrade trading solution to accommodate the migration of Italian bond markets to the new trading platform, offering its Italian sell-side clients access to a rich international investor base.

Developed to cope with the migration of Italian Bond markets managed by Borsa Italiana to Euronext’s Optiq technology, LIST’s FastTrade solution is fully customizable and offers advanced trading capacities. The release of FastTrade has allowed for a seamless transition of Italian bond market clients, giving investors in Italy access to a broader range of products and enabling the marketplace to trade on an integrated platform.

The migration brings new software versions that support changes in market models and workflows, and the complete redesign and implementation of new data centers and telecommunication infrastructure. Managing the colocation services in phase two of the migration involved additional complexities to the initial phase completed in March 2023, which saw the rollout of the equity segment.

The migration follows Euronext’s acquisition of the Borsa Italiana Cash and Derivatives markets exchange in April 2021. Euronext, the pan-European stock exchange and market infrastructure, is replacing the Borsa Italiana exchange’s previous Millennium technology with a new Optiq trading 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. “This important achievement was possible thanks to every LIST division’s dedication, professionalism, and teamwork. 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.”

“LIST is a key technology provider for financial institutions executing orders on Italian exchanges. 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.