Etrali Trading Solutions, the leader in voice and electronic trading infrastructure and services for the trading communities, today announced that Italian bank, Instituto Centrale Banche Popolari Italiane (ICBPI), has deployed the Open Trade trading system across its Milan operations.
Open Trade has been rolled out together with a recording system and was completed in partnership with the Gamma Group. The system moves ICBPI from its previous TDM system to a new SIP system, fully integrated with the bank's IP environment. Open Trade provides ICBPI with a powerful, user-friendly and intuitive smart turret with embedded apps to keep ahead of industry regulations. In addition to ICBPI, Open Trade already has over 5000 seats worldwide.
"We wanted to provide a better quality service for our traders; Open Trade is the leader in the market and Etrali Trading Solutions' expertise and support is second to none," said Dott. Pablito Rosa, Head of ICT Security and Compliance and ICT production for ICBPI. "The system architecture is completely flexible and integrates with rich ecosystems, reducing back end complexity and size. The smart turret is truly innovative and is ideal for banks looking to move to a unified solution quickly and with minimal disruption."
Etrali Trading Solutions is delighted to have successfully implemented Open Trade with ICBPI. With so much focus on regulation and transparency, ICBPI is now well placed to meet any current and future requirements in the fast moving highly regulated market," said Valerio Lombardi, Italy Country Manager at Etrali Trading Solutions.
ENDS
About Etrali Trading Solutions
Etrali Trading Solutions is a leading provider of convergent voice and electronic trading infrastructure and services for the financial communities. Employing over 450 people in major financial centres, the company is supported by a global partner network of distributors in 50 countries offering customers round the clock service. Founded in 1965, Etrali Trading Solutions (formally Orange Business Services Trading Solutions) was acquired by The Gores Group, a private equity firm in 2013. With longstanding experience in the trading industry, the company brings innovative solutions and the highest quality services focusing on building long-term partnerships with customers. It provides optimised solutions over its dedicated trading network to a community of more than 2,000 network member organisations, encompassing buy-side and sell side institutions and trading venues. Etrali Trading Solutions also offers state of the art, flexible, unified voice trading solutions and compliance products including mobile recording and business continuity capabilities. Its next generation, award winning Open Trade turrets feature programmable user interfaces, touchscreens and instant messaging.
About ICBPI
Istituto Centrale delle Banche Popolari Italiane (ICBPI) is the parent company of a banking group that works to support the growth and consolidation of Banks, Financial Institutions and Insurance, Business and Public Administration.
ICBPI, in particular, is a bank specializing in services and payment systems (national and international), in securities services offered according to a model of business process outsourcing and in services Banks, Private and Public Administration.
About securities services, ICBPI covers the whole range of investment services: collection and transmission of orders, negotiation, counseling, placement, clearing, settlement and custody. The Institute is also the only national operator that conducts Custodian and Fund Administration.
About GAMMA GROUP SPA (www.gammagroup.it):
Gamma Group is more than just a company. It is a 2.0 company which, thanks to its professionals with high-level computer skills, provides modern and innovative IT solutions while operating in a flexible and dynamic way. We work within an established network of companies which enables us to provide our customers a real "system of values".
Contacts:
Etrali Trading Solutions
Caroline Beer, +44 (0) 20 3100 3796
Metia
caroline.beer@metia.com
or
Chanda Gathani, +44 (0)20 3100 3605
Metia
chanda.gathani@metia.com
