Fimat was the first remote GCM (General Clearing Member) on the Italian derivatives market, IDEM, back in 1999, and after indirectly broking securities for a number of years, is now extending its presence in Italy by becoming a member of the stock exchange.
Clients will benefit from Fimatâs newly acquired membership, with access opening up to voice execution and DMA (Direct Market Access) in this important European market. Voice execution began on 1st December and a DMA service will follow soon.
Borsa Italiana ranks third in Europe for the number of equity trades by electronic order book*, and becoming a member is a significant opportunity for Fimat. âThis is a key addition to European stock exchange memberships for Fimat **â commented Nicolas Breteau, Managing Director of Fimat in Europe. âThe stock markets have enjoyed steady growth over the last four years, the Borsa itself is expanding to accommodate this growth, and Fimat's clients will benefit from the access we can provide them to this activity as we move forward.â
âFimat has been a very valued client on the IDEM for many years now, and we are delighted that they are now coming on board to trade securities for their clientsâ commented Raffaele Jerusalmi, Executive Director of Italian Exchange Markets of Borsa Italiana.