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XTOpen!, SoftSolutions! extension of XTAuctions!, has gone live in Italy for the operations of ECB’s monetary policy.

SoftSolutions!, European leader in Italian Auctions front-office systems, is pleased to announce that one of the most important financial groups in Italy is now active with XTOpen!, the vertical solution of XTAuctions! platform for “monetary policy operations and liquidity management”.

XTOpen! provides a customizable and user-friendly interface to smoothly manage all required front-office activities for a correct and complete control of the whole process: the operation announcement; the participation; a clear display of the auction results and the subsequent creation of confirmation messages, either manually or through a simple copy & paste from Excel of the eligible instruments and quantities.

XTOpen! can be integrated with the Customer’s back office process, including advanced features for managing the auction electronic check list, bilateral OTC transactions, as well as the electronic check list on behalf of third parties.

The addition of XTOpen! strengthens the competitive advantage of customers who have chosen the XTAuctions! platform as their front-office system for participating in Bank of Italy monetary operations (marginal competitive primary auctions, Buy Back, OPTES, OMA and “Concambio”).