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Banca Akros selects Itiviti’s FIX testing and onboarding solutions

Itiviti, a world-leading technology provider for the capital markets industry, today announced that Banca Akros, the Milan-based investment and private banking arm of Banca Popolare di Milano Group, has selected an Itiviti FIX Infrastructure solution to improve efficiency, onboarding and operational service quality for its clients.

Using Itiviti’s VeriFIX testing, MagniFIX monitoring, and MetriFIX measurement products, Banca Akros will build a simulated market test environment for accelerated trading system development, deployment and functional performance testing of the bank’s trading architecture.

Features offered by the integrated Itiviti solution include automated FIX testing with simulation and replay of client data, real time monitoring and alerting of order flow enabling faster response times, and a consolidated view of message flow with instant visibility. This provides an enterprise-wide picture of performance with real-time and historical data on message flow displayed graphically, e.g. for message rates and roundtrip latency measures.

“As Banca Akros enters the next growth phase, we are pleased to work with Itiviti to leverage their superior monitoring, metrics capture, testing and emulation solutions for greater business insight and trading efficiencies,” said Alessandro Caffarra, responsible for the trading technology systems across Banca Akros. “We also appreciate that Itiviti enables us to add a key new functional element to our technology stack, while staying with a trusted supplier and partner.”

An Itiviti trading technology user and a client of the former Orc Group, Banca Akros now adds a FIX infrastructure solution to benefit from Itiviti’s expanded offering for sell side clients.

“We are very pleased Banca Akros appreciate, and are able to benefit from, a wider array of Itiviti’s market leading solutions” says Lee Griggs, President EMEA, Itiviti. “Powering system consolidation for our customers within capital markets, whilst simultaneously providing best of breed solutions across the full technology stack, is core to both our strategy and those of our partners.”

Formed by the unification of Orc and CameronTec, Itiviti develops, markets, and supports industry standard technology products and solutions including Tbricks and Catalys. Catalys by Itiviti provides an integrated platform for operations, infrastructure and trading. It is the ultimate enabler: open-standard-based and centrally managed to truly harness unprecedented levels of performance, data interoperability, convergence and business insight.