SIA-SSB is the first Italian certified Network Service Provider. LSE has in fact already acknowledged five other international providers as partners, three in the UK and two in the US.
Thanks to SIAnet, SIA-SSBâs multi-service broadband network infrastructure, financial operators can benefit from maximum timeliness in execution of orders and in communications regarding traded prices, total security of deals carried out and competitive costs.
The new SIA-SSB connectivity services for LSE markets go to join the existing access services (MTS, Monte Titoli and GL NET network), aimed at the European financial community and available on SIAnet according to the âintegrated approachâ. With around 600 network nodes active in Europe, SIA-SSB is the main provider of network services to the financial sector. In 2007 SIAnet carried over 10 terabytes (10 thousand billion bytes) of data with an infrastructure availability of 99.99%. 3,118 intermediaries in over 60 countries operate on London Stock Exchange markets. In particular TradElect, LSEâs trading platform, processes over 600,000 deals daily (each transaction is completed in 6 milliseconds) with a total value of Â£16bn.
âWe are very proud of the Network Service Provider status granted by the London Stock Exchange. This recognition underlines once again the Groupâs ability to confirm its role as a technology player at international level â commented Renzo Vanetti, CEO of SIA-SSB â It also undoubtedly represents an advantage for Italian and foreign intermediaries who can now increase their competitiveness in the European scenario and benefit from the best conditions available on the marketâ.