Unicredit Banca Mobiliare (UBM), part of the Unicredito Italiano banking group, has chosen Radianz’s global financial extranet, RadianzNet, for Internet Protocol (IP) networking.UBM will use RadianzNet to connect the order management systems of its clients to its own electronic applications for trading equities, using the FIX messaging protocol.
UBM says it selected Radianz partly because of its FIX capabilities but also because RadianzNet’s existing linkage to most major financial institutions around the world, so it can get hooked up quicker. “A single connection to RadianzNet versus multiple point-to-point connections from the carriers also will give UBM’s customers more efficient access to nearly 80 other applications used by financial professionals across the STP chain for trading equities,” adds Radianz.
Giusy Cremonesi, in charge of Electronic Trading for Unicredit Banca Mobiliare, commented: “Radianz is key to our STP strategy because it will enable us to offer fast, secure, seamless execution services to customers. Radianz also will speed our time to market because we will be able to use RadianzNet to more quickly connect targeted clients to our service.”
Myron Tataryn, vice president and head of European Sales for Radianz, said: “The addition of UBM to our global financial extranet will give the thousands of institutions and their employees connected to RadianzNet access to yet another key quality brokerage and execution service used in international financial markets.”
The appointment is part of a three-year agreement signed by Unicredit Servizi Informativi, the service company of the Unicredito Italiano banking group.