SIA-SSB becomes network service provider for London Stock Exchange

Source: SIA-SSB

The London Stock Exchange Group has granted SIA-SSB the status of accredited Network Service Provider (NSP) to supply European financial operators with new connectivity services to all LSE markets.

According to the agreement signed with the London Stock Exchange Group, as of today SIA-SSB can connect all intermediaries to TradElect, the new LSE trading platform, as well as the information system Infolect. 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-SSB’s 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 “integrated approach”.

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, LSE’s trading platform, processes over 600,000 deals daily (each transaction is completed in 6 milliseconds) with a total value of £16bn.

"We are very proud of the Network Service Provider status granted by the London Stock Exchange. This recognition underlines once again the Group’s ability to confirm its role as a technology player at international level," commented Renzo Vanetti, CEO of SIA-SSB. "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 market."

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