More NewsSocieté Interbancaria per l’Automazione uses IBM’s Global Skills to Develop Euroland’s Capital Markets

Societé Interbancaria per l'Automazione uses IBM's Global Skills to Develop Euroland's Capital Markets

SIA, the leading Italian provider of IT solutions and services for capital e-markets, has used its partnership with ISM Information Systems Management Corporation, a Toronto-based subsidiary of IBM Canada and part of IBM Global Services, to develop a wholesale trading system for the most important Italian, German and French State bonds – the so-called benchmark bonds. This e-market for banks, investment companies and SIMs, was commissioned by London-based EuroMTS and is the first ever established after the introduction of the Euro on 1 January 1999. EuroMTS – whose major shareholder is Italian MTS Spa – intended to establish a Europe-wide market, based upon the long-standing regulations provided for Italian State bond trading. Building on these regulations, SIA designed a three-tier application where a central server was implemented by ISM, and peripheral servers and user workstations were implemented by other local partners.

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