Interbizz and Telerate Italy today announced that they have signed a joint agreement to provide front and middle office trading solutions to the Italian banking market.
Together they will deliver and support solutions for banks’ client, branch and broker connectivity, dynamic order routing, order management and program trading across a wide array of financial instruments, from equities and fixed income to all treasury products based on the Interbizz TMORA product.
The TMORA solution enables banks to consolidate flow from many sources and optimise choices for execution in real time. It ensures improved customer service through real time feedback on the status of orders, whilst simultaneously reducing the costs of transactions.
Interbizz and Telerate Italy are already working with several Italian banks to architect solutions built on global order management tools in TMORA. Equally, they are supporting financial institutions by responding to current Italian banking regulations and the typical challenges faced by Italian banks that have many branches and legal entities.
“Interbizz is a leading provider of innovative solutions for electronic trading and order routing management and we are proud that it has chosen us as its key business partner for targeting the Italian financial market,” said Emilio Tommasi, Managing Director of Telerate Italia. “TMORA is a unique service in financial securities trade order management and is an important step forward to meeting the requirements of our Italian customers.”
Elizabeth Sipiere, CEO, Interbizz, comments on the new partnership: “Working with Telerate Italy enables us to improve both the solution and the customer service we can offer Italian users of TMORA. Our direct access to local knowledge enables us to fully understand the detailed operations of Italian banks and brokers in respect to trade order routing and management. We are using this to jointly deliver effective business solutions. Additionally, many Italian banks require access to support from native speaking technical staff located in all major cities across Italy and we can deliver this service with Telerate Italy.”