Banca Akros, the Milan-based investment and private banking arm of Banca Popolare di Milano Group, has selected Itiviti’s FIX Infrastructure solution to enhance efficiency, onboarding and operational service quality for its customers.
The private bank will build a simulated market test environment using Itiviti’s VeriFIX testing, MagniFIX monitoring, and MetriFIX measurement platforms for accelerated trading system development, deployment and functional performance testing of the bank’s trading architecture.
Itiviti said features offered by its integrated solution include automated FIX testing with simulation and replay of client data, real time monitoring and alerting of order flow.
The platform will provides the private bank an enterprise-wide picture of performance with real-time and historical data on message flow displayed graphically.
Alessandro Caffarra, responsible for the trading technology systems across Banca Akros, said: “As Banca Akros enters the next growth phase, we are pleased to work with Itiviti to leverage their superior monitoring, metrics capture, testing and emulation solutions for greater business insight and trading efficiencies,”
“We also appreciate that Itiviti enables us to add a key new functional element to our technology stack, while staying with a trusted supplier and partner.”
Itiviti president for EMEA Lee Griggs said: “We are very pleased Banca Akros appreciate, and are able to benefit from, a wider array of Itiviti’s market leading solutions. Powering system consolidation for our customers within capital markets, whilst simultaneously providing best of breed solutions across the full technology stack, is core to both our strategy and those of our partners.”