Euronext announces migration of Italian derivatives trading to Optiq
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Euronext announces migration of Italian derivatives trading to Optiq 03 April 2024Italy Reporter: Klea Neza
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Euronext has announced the successful completion of the migration of Italian derivatives trading to Optiq.
The aim is to maximise the reciprocal benefits of Euronext, to deliver the advantages of the harmonisation process and to minimise disruption for the Italian and other markets in the Group.
This migration is the last in the integration plan of Italian markets onto the Euronext single trading platform, and was completed less than three years after the acquisition of the Borsa Italiana Group.
Stéphane Boujnah, CEO and chairman of the managing board of Euronext N.V., comments: “This milestone reaffirms our steadfast commitment to deliver complex migrations to further strengthen our single trading platform, harmonised rule book and single liquidity pool model. Now that the migration of the derivatives trading of Borsa Italiana is completed, our team focuses on development and organic growth projects supported by our IT capabilities.”
Fabrizio Testa, CEO of Borsa Italiana, says: “By joining Euronext’s single technology hosted in our core data centre located near Bergamo, we are strengthening local and global markets and supporting a complementary business mix expansion, to the benefit of the enlarged Borsa Italiana and Euronext client base.”
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