Product Launch
August 21 2003 - 3:00AM
UK Regulatory
RNS Number:9034O
Easyscreen PLC
21 August 2003
EasyScreen offers Data Centre access to IDEM
EasyScreen plc ("EasyScreen") announces that the Borsa Italiana IDEM ("IDEM")
electronic derivatives exchange has gone live today for trading via the
EasyScreen Data Centre. The Borsa Italiania is Italy's main market for both
equities and derivatives. The average value of the daily turnover of contracts
traded on IDEM is around three Billion Euros.
EasyScreen derivative trading connectivity is now available via B&C Derivatives
Ltd. ("B&C"), a non-clearing member of IDEM. Customers can trade IDEM on the
EasyScreen Data Centre via B&C without having their own IDEM membership. B&C
offer highly competitive execution and clearing fees to Institutions trading
IDEM from anywhere in the world.
B&C have been provided with an Italian language Easy Active Trade ("EAT") screen
to distribute to their customers. The highly functional EAT screen also enables
B&C customers to trade numerous other markets, such as Euronext-liffe, CME and
the CBOT, from a single platform. The EasyShield pre-trade risk system for
options and futures will provide excellent protection for clearers and a fair
system for traders.
B&C, EasyScreen and IDEM are confident that this facility will attract excellent
business volumes from B&C customers trading from Italy, London, the U.S. and
other worldwide locations.
Commenting on the Announcement
Maria de Figueiredo, Head of European Sales for EasyScreen, said; "This is
effectively a London hub for IDEM. This facility is particularly exciting as it
opens up a whole new prospective client base for EasyScreen who can now trade
IDEM with full pre-trade risk on options."
Giorgio Francini, Italian Desk Manager for B&C, said; "With this deal we can
migrate our existing clients, and recruit new clients, to an integrated multi
asset class platform. We see our existing clients as the key to capturing the
retail futures, options and equity markets in Italy. EasyScreen's pre-trade
span-style margining on Italian Options fills a huge gap in the Italian market,
which is currently served by no other software provider."
About EasyScreen
EasyScreen is a global supplier of software Solutions enabling connectivity to
electronic exchanges. The company is rated as a Tier One Independent Software
Vendor (ISV) by Euronext-liffe and connects to EUREX, Euronext Paris, Chicago
Board of Trade (a/c/e), Chicago Mercantile Exchange, Singapore Exchange, the
Sydney Futures Exchange, the NQLX and vendor connected equity and FX markets
worldwide. EasyScreen supplies trading software to a client base of global
financial institutions, banks, brokers and trading houses. More information may
be found at www.easyscreen.com.
EasyScreen
Philip Docker
+44 (0)20 7645 4600
Lighthouse PR
Ashley Benjamin
+44 (0)20 7968 4949
About B&C Derivatives
B&C is an Italian broking desk and non-clearing member of IDEM based in London.
B&C is regulated by the FSA. B&C are a broker for Futures and options, offering
execution, clearing and give-up to banks, investment houses and brokerage
counter parties.
Giorgio Francini
+44 (0)20 7877 3214
This information is provided by RNS
The company news service from the London Stock Exchange
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