GATElab selected to deliver trading front-end to EDX London

London - 7 December 2009

Traderpath, GATElab’s trading, quoting and routing front office platform, has been selected by the London Stock Exchange Group’s derivatives market, EDX London to provide the front-end technology for trading and clearing on SOLA®.

EDX London migrated onto TMX Group’s SOLA® trading platform on the 7th December 2009 and is now trading successfully.

The traderpath platform has been built in response to buy-side and sell-side needs and is a new generation brokering platform with professional high-end trading, quoting and algorithmic support.

Ferdinando La Posta, Chairman of the Board at GATElab said: “We are really glad that, thanks to this opportunity, GATElab’s traderpath proven technology has now the ability to fulfil not only buy-side, sell-side and hedge funds needs, but exchange requirements too. With its flexible and expandable component-based architecture, traderpath can now be delivered by EDX London to all of its members to trade and clear, from a single front-end application.”

Raffaele Jerusalmi, Director of Capital Markets at London Stock Exchange Group said: ‘We are delighted to be working with the GATElab traderpath platform for trading on SOLA®. Following GATElab’s work with Borsa Italiana’s successful Italian markets and clearing provider CC&G, it was the logical choice to provide the front-end technology for trading and clearing on EDX London.’

In 2004 traderpath technology was ‘white-labelled’ to BIt Systems, part of Borsa Italiana, for whom GATElab developed the BTS (BIt Trading Station) and BCS (BIt Clearing Station). To date about 90 Financial Institutions are using these services.

The front end technology developed for EDX London will be based on the BTS and BCS and will be extended to support price-taking, market-making, clearing and internal supervision activities on behalf of members. Features include:

• Real-time implied volatility/interest rate
• Theoretical fair price calculation
• Fast-trading with single click
• Care-orders
• Automatic quoting
• Algorithmic trading

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