LIST, an ION company, has completed the certification process to connect its FastTrade electronic trading system to the Luxembourg Stock Exchange (LuxSE).
Enrico Melchioni
The development follows the successful migration of LIST’s Borsa italiana client onto Euronext’s Optiq technology earlier this year.
Read more: LIST completes migration to Euronext’s Optiq
LIST’s FastTrade modular solution is designed as a low-latency, multi-asset electronic trading system, offering full customisation and trading functionalities.
The platfom’s normalised connectivity architecture enables integration of LuxSE that uses Euronext’s Optiq technology.
“Following the successful migration of our clients to the Optiq trading platform earlier this year, we are delighted to share FastTrade’s newly certified connectivity to the Luxembourg Stock Exchange,” said Enrico Melchioni, product owner for FastTrade at LIST.
“This latest initiative reflects our commitment to swift adaptation in line with the market’s evolution and our clients’ needs and consolidates our position as a key provider of cross-asset, multi-market trading technology and connectivity.”
Through the activation of a new certified adapter in FastTrade, LIST offers clients the ability to access all products listed on LuxSE across all asset classes.
All existing functionalities, namely: trading, execution, and liquidity provision, are made available automatically to clients wanting to access LuxSE.
This will enable clients deploying FastTrade to benefit from an expanded connectivity base, alongside the ability to grow their trading capability.
“This marks an important step in bringing increased visibility to the wide range of securities available for trading at the Luxembourg Stock Exchange and facilitate the onboarding of new trading members,” said Guy Weymeschkirch, head of markets and surveillance at LuxSE.
“We look forward to reinforcing our work and collaboration with LIST in the future.”