Fortis Clearing and BIt Systems are working together to give a new point of access in Milan that will facilitate trading on global derivative and securities markets.
By bringing together BIt Systems as a service provider and the global exchange memberships and connectivity of Fortis Clearing, proprietary traders, market makers, brokers, corporate and funds now have access from Milan to multiple derivative and stock exchanges globally.
“We have a solid network with an entrepreneurial view of expanding business in a positive way,” says sClaudio Modenesi, head of ASP Services for BIt Systems. “Fortis adds the breadth of market coverage and range of versatile products to suit the derivative and securities industry, and the strength of a global organisation.”
Chris Lee, global head of market access for Fortis Clearing, says, “We now can offer access from the BIt Systems data centre to IDEM, and in addition many other global exchanges, via multiple independent software vendors or via FIX messaging. This is an exciting opportunity for us in the Italian market place, and extends our global offering in continental Europe.”