By linking together the networks of buy-side and sell-side firms managed by Fidessa and BIt Systems, this move will further extend Fidessa’s existing connectivity to the Italian financial community. Brokers and buy-sides on the ASP network run by BIt Systems can now connect to the 230 brokers and 1,300 buy-sides available on the Fidessa network and vice versa.
Claudio Modenesi, head of ASP Services at BIt Systems, said: The connection of our networks provides customers of BIt Systems and Fidessa with more trading destinations and sources of order flow – all through ultra low-latency architecture. This agreement follows BIt Systems’ growth towards international customers and new value added services.
