PRESS RELEASE

BIt Systems and TAS S.p.A. are launching the new
"Disaster Recovery Teletrading" service

  • A disaster recovery service aimed at guaranteeing access to Borsa Italiana’s and international markets as well as linkage to the connected banks
  • A platform accessible from BIt System’s technological HUBs in Milan, Rome and London

TAS Tecnologia Avanzata dei Sistemi, Italian market leader in order routing among banks, brokers and stock exchanges, and BIt Systems, Information & Communication Technology Company of the Borsa Italiana Group, signed an agreement to supply a joint service called "Disaster Recovery Teletrading".

This service will provide financial intermediaries with a Teletrading platform to guarantee disaster recovery of the accesses to Borsa Italiana and interconnection of their customer banks.

Disaster Recovery Teletrading will be activated by simply connecting to one of the three technological multimarket BIt Systems’ HUBs where the technological infrastructure of access to markets will be located.

TAS and BIt Systems will provide fully specialised support on the infrastructure, the applications and all components related to markets connected through the HUBs: Borsa Italiana, MTS, Xetra, Eurex, CME (Chicago Mercantile Exchange).

TAS SpA, listed on the Milan Nuovo Mercato as of May 2000, TechSTAR sector, is the Italian market leader in the segment of software and services for the linkage between Banks, Brokers and the Stock Exchanges. TAS software enables the STP (Straight Through Processing) comprising the diffusion of financial information in real time, collection, routing, negotiation and settlement of Stock Market Orders for Retail, and Professional Traders and for Institutional Investors. TAS is now expanding its business abroad through its subsidiaries in France and Switzerland and through a wider offer of new and innovative solutions for core banking processes such as the automation of Credit Management, Portfolio Management and CRM (Customer Relationship Management). Stock Exchange Code: 121670

BIt Systems is the Information & Communication Technology company of the Gruppo Borsa Italiana, in charge of management, maintenance and development of the Group information systems. BIt Systems provides investment banks, brokerage houses, institutional investors, Internet brokers and companies that operate marketplaces with high quality IT consulting services, offering the best technological knowledge on Architecture & Business Application.

BIt Systems has successfully managed important projects on behalf of companies associated with the Gruppo Borsa Italiana and proposes itself as technological partner of Italian and international companies.

 

Contacts:

Renato Nardo Francesca Palermo Patera – Daniela Cerquetti

TAS Tecnologia Avanzata dei Sistemi S.p.A. Borsa Italiana S.p.A. – Gruppo Borsa Italiana

Tel: +39 – 06 72971422 Tel.: +39 – 02 72 426 364

Fax: +39 – 06 72971444 Fax: +39 – 02 72 426 260

e-mail: rnardo@tasitalia.com e-mail: media.relations@borsaitaliana.it


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