Fimat Joins Borsa Italiana's Electronic Market Share

Fimat, the global brokerage organisation and part of Socit Gnrale group, has become a member of Borsa Italiana's MTA (Mercato Telematico Azionario or Electronic Share Market). Fimat was the first remote GCM (General Clearing Member) on the Italian derivatives market,

By None

Fimat, the global brokerage organisation and part of Socit Gnrale group, has become a member of Borsa Italiana’s MTA (Mercato Telematico Azionario or Electronic Share Market).

Fimat was the first remote GCM (General Clearing Member) on the Italian derivatives market, IDEM, back in 1999. Fimat clients will now be given access to voice execution and DMA (Direct Market Access).

“This is a key addition to European stock exchange memberships for Fimat,” says Nicolas Breteau, the Managing Director of Fimat in Europe. “The stock markets have enjoyed steady growth over the last four years, the Borsa itself is expanding to accommodate this growth, and Fimat’s clients will benefit from the access we can provide them to this activity as we move forward.”

“Fimat has been a very valued client on the IDEM for many years now, and we are delighted that they are now coming on board to trade securities for their clients,” adds Raffaele Jerusalmi, the Executive Director of Italian Exchange Markets of Borsa Italiana.

«