GATElab goes live on LSE’s new retail bond market
First Published Monday, 8 February 2010 from Automated Trader : Exchange News
London Stock Exchange’s new retail bond market selects GATElab’s traderpath
Antonio Caroselli, CTO at GATElab: "We are proud to be the
first company to provide its clients with the ability to
connect and quote on the London Stock Exchange's new retail
bond market."
The London Stock Exchange's new retail bond market which went live on the 1st of February, has selected GATElab's traderpath as the front-end technology for trading and quoting. The GATElab's traderpath platform is a new generation brokering platform with professional high-end trading, quoting and algorithmic support.
In 2004 traderpath technology was 'white-labelled' to BIt Systems, part of the Borsa Italiana Group, for whom GATElab developed the BTS (BIt Trading Station) and BCS (BIt Clearing Station). To date about 90 Financial Institutions are using these services.
Antonio Caroselli, CTO at GATElab, said: "Our product offering is enforced by this announcement. We are proud to be the first company to provide its clients with the ability to connect and quote on the London Stock Exchange's new retail bond market".
Pietro Poletto, Head of Fixed Income Markets at the London Stock Exchange Group, said: "The successful go live of Evolution, the first market maker on the new London Stock Exchange's market, is just the first step in our plans considering the interest shown by issuers, member firms and private investors. This is the answer to our client's growing request for a centralized and transparent order book for trading in individual retail-friendly sized bonds".
