IDEM migrated to SOLA
Idem successfully migrated to new transaction platform
Nov 09 2010 - 10:45
IDEM, Borsa Italiana’s derivatives market, has successfully completed its migration to the “SOLA® trading system”. Effective 8 November 2010, all listed equity derivatives are now being traded on the new platform.
The new SOLA® technology offers high levels of system’s performance and capacity, as well as new functionalities which, together with its scalability and flexibility, will enable the development of new products and drive volume growth.
Among the most important benefits for customers are speed and efficiency offered by the new system: SOLA® has an average latency of less than 2 milliseconds and can process more than 100,000 orders per second and a total of 300 million orders per day.
Raffaele Jerusalmi, CEO of Borsa Italiana and Directors of Capital Markets at London Stock Exchange Group, said:
“Thanks to this new platform, Borsa Italiana’s derivatives market has further strengthened its European leadership, offering its clients a more and more efficient and diversified service”.
Listed on the IDEM market are index futures, minifutures and options, stock futures and options as well as futures contracts on electricity (IDEX segment). All contracts traded on IDEM are granted by Cassa di Compensazione&Garanzia.
For further information, please contact:
Anna Mascioni Media Relations +39 02 72426.211
To download the press release: (file pdf - 39 KB)