According to the solution provider, the platform configuration will permit PKO Bank Polski to add direct market access (DMA) to the NYSE Euronext universal trading platform (UTP).
The solution includes market making components, such as pricing, auto quoting, position keeping and risk management system, and LIST’s low latency brokerage components, such as the order execution management system (OEMS), smart order routing (SOR), algorithmic execution engine and middle office support, List added.
The offering, which facilitates low latency and scalable architecture, will allow PKO Bank Polski to merge its current market-making activity and brokerage services into one single platform and enable to trade on multiple venues and different asset classes.
PKO Bank Polski head of brokerage Enrico Dameri said, "Implementation of the new system will put us on an equal footing with foreign investment banks while creating a significant competitive advantage in the Polish market."
LIST offers electronic markets software for multi-asset trading and operational risk management solutions to more than 130 clients globally.
