GATElab announces its Professional Trading Solution now available through the ASP farms of BIt Systems

Milan and London - 24 September 2007

GATElab, the lab of GATE Tecnologie Informatiche, a company providing Banks and Financial Institutions with a complete suite of products, today announced the availability of its solutions through the Italian and International ASP hubs of BIt Systems, the IT Company of Gruppo Borsa Italiana which created a collaborative ecosystem focused on the development of innovative service models and technologies to access Markets and financial services.

This agreement strengthens the cooperation of the two Companies, in place since 2004, providing the Customers with important value and choice by offering the Professional and Algorithmic Trading Solutions of GATE T.I. through a new and cost-effective service model.

Riccardo Villa, Project Manager of Centrobanca, the Corporate and Investment Bank of UBI Group specialized in the segment of medium size Companies, comments “We completely changed our architectures in the last months deciding to externalize our Markets’ accesses. The cooperation with GATE and BIt Systems represented a critical success factor in a business critical project with challenging deadlines and budget”.

“The option to access the whole GATE’s products portfolio through our domestic and International ASP farms – says Claudio Modenesi, Head of Application Services Providing for BIt Systems – represents a considerable opportunity for Customers and an important development of our cooperation with GATE.”.

“The agreement with BIt Systems enhances our product offering.” - says Ferdinando La Posta, Managing Director of GATE T.I. – “With 17 years of experience in financial markets and trading technology our positioning in the Italian and International markets focuses in providing our Customers with efficient, reliable and innovative solutions.”

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