LIST, an ION company, has successfully updated its award-winning market making and trading FastTrade solution, facilitating the migration of Borsa Italiana trading clients onto Euronext’s Optiq technology trading platform.

The client 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 its cutting-edge Optiq trading platform.

LIST’s upgraded FastTrade solution is fully customizable and offers advanced trading functionalities specific to Euronext’s Optiq technology trading platform. This includes order collection (OMS) smart order routing, execution algos (for equity and fixed income), risk management, quoting, and pricing.

To ensure clients migrated successfully, LIST activated new data centers, communication lines, and software versions to support changes in market models and workflows. These initiatives demonstrate LIST’s commitment to providing the best possible solutions for Italian financial markets and reaffirm its position as a trusted technology partner. The migration gives Italian trading clients access to a rich international investor base, and an enhanced range of products and services.

“With LIST technology processing over 65% of equity order flows from Italian market members daily, it was crucial that our FastTrade upgrade and deployment enabled a seamless transition to Euronext’s Optiq platform. This required a huge amount of development and included a major software release.”, says Vito Mangiaracina, Chief Technology Officer at LIST. “Thanks to the dedication, professionalism, and teamwork across LIST, we achieved our goal of migrating our clients, and the trading and surveillance product lines.”

“The migration to Optiq presented multiple challenges, including change in the technology stack and new hosting infrastructure.”, adds Flavio Mazzarotto, Chief Services Officer at LIST.
“We developed this carefully alongside our clients, from detailing the migration roadmap to supporting them during preliminary test phases. Our efforts paid off on migration day; our clients went live on the new system with zero impact on activity on other markets.”