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mission
financials
management
news
events
press
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31/10/2007 |
GATElab’s
dealpath
platform has been extended to feed Reuters RTPS (Reuters Trade
Publication Service) and BIt Systems PTTS (Post Trade
Transparency Service) to fulfil post-trade transparency
obligations in MiFID directive
GATElab’s
dealpath
has now been extended to interact with:
to submit in real-time all
transactions in equities, exchanged OTC or in regulated European
markets, collected from the trading rooms of systematic
internalizers of orders and investment firms. This obligation is
mandatory starting from November 2007 the 1st to
fulfil post-trade transparency obligations as stated by the
MiFID (Markets in Financial Instruments Directive). |
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01/10/2007 |
GATElab’s
dealpath
platform has been delivered to fulfil transaction reporting and
post-trade transparency obligations when the MiFID directive
becomes applicable on 1 November '07
Regulated markets, MTFs, systematic internalizers of orders
and investment firms who execute OTC trades must publish in
real-time any information about transactions in equities,
exchanged OTC or in regulated European markets. In order to
fulfil post-trade transparency obligations
GATElab’s
dealpath
will collect this information from the trading rooms of an
investment firm and will connect to several data-vendors and/or
data-distributors and/or web-sites to disseminate it.
On the other hand, all financial firms must communicate to their
National Financial Authority, within STP+1 day in the worst
case, all executed trades in all financial instruments, usually
exchanged in regulated markets or OTC. Firms must use
accredited reporting channels to convey this information,
whether trades were executed in regulated market or OTC.
GATElab’s
dealpath
will collect this information from the trading rooms of an
investment firm and will connect to an accredited "reporting
channel" to support its users in the transaction reporting
obligation. |
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01/10/2007 |
Bit Systems has chosen
GATElab
technology for its new two MiFID Compliance Services: the
Transaction Reporting Services (TRS) and the Post-Trade
Transparency Service (PTTS)
Following our 4-year partnership with BIt Systems, the IT
company of Borsa Italiana, which decided to adopt the
GATElab
technology in 2004 in order to provide its members with the BTS
(BIt Systems Trading Station) and BCS (BIt Systems STEMS
Clearing Station) ASP services,
GATElab
is now proud to announce that the new BIt Systems TRS and the
PTTS services will be based on its own
technology. These services, ready to go live in production on 1
November 2007 when the MiFID directive will become active, will
be accessed either via the newly extended BTS Graphics User
Interface or via a standard FIX protocol channel or via
preexistent GAM API for PTTS only, via a newly available SFTP-based
protocol (ASCII, CSV, XML) for TRS only.
Regulated markets, MTFs,
systematic internalizers of orders and investment firms who
execute OTC trades must publish in real-time any information
about transactions in equities, exchanged OTC or in regulated
European markets. In order to fulfil post-trade transparency
obligations Borsa Italiana, through BIt Systems, will
discontinue the current OTC trade reporting service to be
replaced by the new Post -Trade Transparency Service (PTTS) to
cover all equities exchanged in all European markets to support
this obligation as well as non-equity instruments traded in
Italian Markets. This information will then be redistributed to
members, data-providera and other channels by Borsa Italiana
itself via its MDF service.
Moreover, all financial firms must communicate to their National
Financial Authority, within STP+1 day in the worst case, all
executed trades in all financial instruments, usually exchanged
in regulated markets or OTC. Firms must use accredited
reporting channels to convey this information, whether trades
were executed in regulated market or OTC. Borsa Italiana,
through BIt Systems, will act as a reporting channel
providing a new Transaction Reporting Service (TRS) to support
members with their obligations. |
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18/09/2007 |
GATElab
announces its Professional Trading Solution now available
through the ASP farms of BIt Systems, the IT Company of Gruppo
Borsa Italiana
GATElab,
the laboratory of
GATE Tecnologie Informatiche, a company providing Banks
and Financial Institutions with a complete suite of products,
today announced the availability of its solutions through the
Italian and International ASP hubs of BIt Systems, the IT
Company of Gruppo Borsa Italiana which created a collaborative
ecosystem focused on the development of innovative service
models and technologies to access Markets and financial
services.
This agreement
strengthens the cooperation of the two Companies, in place since
2004, providing the Customers with important value and choice by
offering the Professional and Algorithmic Trading Solutions of
GATElab
through a new and cost-effective service model.
Riccardo Villa,
Project Manager of Centrobanca, the Corporate and Investment
Bank of UBI Group specialized in the segment of medium size
Companies, comments “We completely changed our architectures in
the last months deciding to externalize our Markets’ accesses.
The cooperation with GATE and BIt Systems represented a critical
success factor in a business critical project with challenging
deadlines and budget”.
“The
option to access the whole GATE’s products portfolio through our
domestic and International ASP farms
– says Claudio Modenesi,
Head of Application Services Providing for BIt Systems –
represents a considerable opportunity for
Customers and an important development of
our cooperation with GATE.”.
“The agreement
with BIt Systems enhances our product offering.” - says
Ferdinando La Posta, Managing Director of GATE T.I. “With 17
years of experience in financial markets and trading technology
our positioning in the Italian and International markets focuses
in providing our Customers with efficient, reliable and
innovative solutions.”
About GATE Tecnologie Informatiche S.r.l.
GATE T.I.
plays a leading role in emerging technologies
applied to mission critical areas such as finance. GATE T.I.
provides Banks and
Financial Institutions
with a complete suite of products, designed for
buy and sell side
activities and covering the needs of handling the
complete orders flow. The company was founded in Isernia, where
R&D is based, and operates via offices in London and Milan.
About BIt Systems S.p.A
BIt Systems S.p.A.
is the technological company of Gruppo Borsa
Italiana. The Company is responsible for the management,
maintenance and development of the Group's information systems.
It also provides Project Management and Systems Integration
services to public and private operators, Financial Institutions
and to the Exchange Industry, for the development and management
of applications. |
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10/09/2007 |
traderpath
EMS integrates the Borsa Italiana MAC market
The MAC, Mercato Alternativo dei Capitali (alternative
liquidity market) working as MTF, managed by Borsa Italiana,
will be live on 17 September 2007 and has been integrated in the
traderpath
EMS platform. Devoted to a restricted number of
investment firms, for medium-long term investments, with
restricted visibility to retails plethora, the MAC market can be
accessed via
traderpath
EMS either for specialist activities on
sponsored instruments (bid-ask prices provider in auction phase
and out-of-auction negotiation phase) either for institutional
investors to input orders during the auction phase only. More
info are available on the
Borsa Italiana institutional web site. |
|
03/09/2007 |
traderpath
EMS certified for brokering activities on Bloomberg EOR
Clients using the Bloomberg Professional® Auto Execution
Equity Order Routing (EOR) platform can now interact with their
brokers through the
traderpath
Execution Management System (EMS),
which has just been certified by Bloomberg. Thanks to such
integration, made possible by the
fixpath
Sell-Side module
implementing the FIX 4.2 protocol, dealers accessing the Bloomberg circuit will be able to send / manage orders to the
GATEMate platform of their preferred broker in a easy, safe and
timely manner. |
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16/07/2007 |
Gear up for the
MiFID challenge with the GATElab whole suite!
Every player in the European financial services industry
has the challenge to become MiFID (Markets in Financial
Instruments Directive) compliant by 1 November 2007 and
GATElab is
the right partner to ensure a smooth transition from current
systems and methodologies to MiFID implementation. The
GATEMate
platform can fulfil MiFID requirements by addressing the three
key areas of: pre-trading obligations, best execution of orders
and post-trading transparency. The native cross-asset
marketplace
exchangepath
is up and running for Sistematic
Internalisers and also provides Multilateral Trading Facilities
(MTFs), whereas the hard real-time event-action manager
algorithmicpath
implements best execution obligations by analyzing fast
real-time order books in accordance with the client’s own
execution order policy and also discovers/handles liquidity
pools for systematic internalization following custom or
canonical trading strategies. Moreover, real-time pre-trading
distribution and storing of high volumes of prices can be
handled by our high performance scalable solution as well as
trades reporting and post-trading dissemination of executed
trades to most market exchanges and data vendors. Click
HERE
for more details. |
|
29/01/2007 |
GATElab announces
the opening of its London office
GATElab
announces the opening of its new London office, in
the heart of the City. Key objectives will be: the offer of
company products and services in London and in Europe. Manager
of the new office with sales and marketing responsibilities, as
well as customer care management, will be Mariarita Iannone, who
developed remarkable experiences through the years in the
banking world at: Goldman Sachs, Lehman Brothers, ABN Amro and
Merryll Lynch. |
|
08/01/2007 |
GATEMate
supports MDF service by Borsa Italiana
The
GATEMate platform has been upgraded to the new
Member's DataFeed (MDF) service supplied by The Italian Stock
Exchange (Borsa Italiana) in order to provide higher quality
market data dissemination for the Italian MTA, SeDeX, MOT and
IDEM markets. Also, this service is going to be integrated with
the
GATEMate
Multilateral Trading Facility (MTF) in order to comply with
post-trade transparency obligation set by the MiFID directive. |
|
08/01/2007 |
Turn-key
solution to upgrade applications to MDF
Now replacing the previous DDS data service, the MDF
service supplied by The Italian Stock Exchange (Borsa Italiana)
implements a new protocol that will make the GAM-AMI software
libraries obsolete. For market members that had developed
in-house applications based on the GAM-AMI libraries GATE T.I.
can provide a high performance turn-key solution (available for
Windows, Unix and Linux) that allows upgrading to the MDF
service without any changes to existing software. Migration to
the new MDF service will have to be completed by August 1st,
2007. |
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