Fidessa, a trading solutions provider, has announced that its connectivity to the ASP network of BIt Systems, an IT division of Gruppo Borsa Italiana, responsible for the management, maintenance and development of the Group’s information systems.
By linking together the networks of buy-side and sell-side firms managed by Fidessa and BIt Systems, this move will further extend Fidessa’s existing connectivity to the Italian financial community. Brokers and buy-sides on the ASP network run by BIt Systems can now connect to the 230 brokers and 1,300 buy-sides available on the Fidessa network and vice versa.
Claudio Modenesi, head of ASP Services at BIt Systems, said: The connection of our networks provides customers of BIt Systems and Fidessa with more trading destinations and sources of order flow – all through ultra low-latency architecture. This agreement follows BIt Systems’ growth towards international customers and new value added services.