PRLog - Aug. 29, 2012 - LIST S.p.A, a leading provider of global trading solutions, today announced it will be supplying its FastTrade trading platform (UTP) to PKO Bank Polski, the Polish financial institution and member of the Warsaw Stock Exchange (WSE).
The platform configuration will allow PKO Bank Polski to implement direct market access (DMA) to the NYSE Euronext universal trading platform (UTP). It will comprise market making components, such as pricing, auto quoting, position keeping and risk management system, and LIST’s low latency brokerage components, such as the order execution management system (OEMS), smart order routing (SOR), algorithmic execution engine and middle office support.
The comprehensive set of functionalities that LIST’s FastTrade solution offers, include low latency and scalable architecture, will allow PKO Bank Polski to merge its current market-making activity and brokerage services into one single platform and enable to trade on multiple venues and on different asset classes.
Enrico Dameri, CEO, LIST S.p.A, said: “Being a supplier of financial technology to the Polish market is an important strategy for our company. We strongly believe that Poland has one of the most promising markets in terms of development opportunities over the next few years. Migration to the UTP system will accelerate this process and will represent a new challenge for Polish brokerage houses. Besides being one of the country’s most important financial players, PKO Bank Polski has been our client for many years, so it gives us particular pleasure that they have chosen our platform.”
Grzegorz Zawada, Head of Brokerage, PKO Bank Polski, said: “The world class solution offered by LIST allows us to combine our local market expertise with leading global technology. Implementation of the new system will put us on an equal footing with foreign investment banks while creating a significant competitive advantage in the Polish market.”
LIST provides electronic markets software for multi-asset trading and operational risk management solutions to more than 130 clients worldwide.
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NOTES TO EDITORS
About LIST S.p.A.
LIST S.p.A is a leader in the design and development of software for capital markets. The company has been producing innovative solutions for the financial industry for more than 25 years.
LIST S.p.A offers projects and solutions for:
• electronic markets (regulated, MTF, internal) and real time settlement systems (pre settlement, gross and net settlement, registry and custody) that are completed integrated into e-markets;
• advanced tradingsystems for financial markets, algorithmic trading, risk management, riskmonitoring, assisted trading and automatic quoting, order management systems, position keeping, and integrated analytical tools for pricing;
• operational risk, audit & compliance for the integrated management for: Operational Risk, General Compliance, Internal Audits and Business Continuity, in compliance with Basilea III and supervisory regulations.
Founded in 1985, LIST S.p.A has customers in 20 countries and 5 continents and operates throughout Europe, via its six branches in Italy and the offices in London, Warsaw and Madrid, in Asia (Kuala Lumpur) and in North America (New York).
For more information, please visit http://www.list-