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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