Milan, 15 March 2008
Milan, 15 March 2008: SABE (Automatic System for Best Execution) has been awarded the “Premio Cerchio d’Oro” for banking services. This recognition is dedicated to innovations in the banking and financial sector. Organized by AIFIn and Edipi, this fourth edition of the event is addressed to financial institutions that promote the innovation as a powerful lever for the challenges that come from increasingly and competitive markets.
The goal of SABE is to automatically obtain Best Execution according to the customers’ execution policy on all the bond orders. Pre-trade validation and Post-trade data to prove the correct application of the policy are also guaranteed in a transparent and efficient way, as per the MIFID requirement.
SABE is the result of a longterm partnership between Banca Akros and SoftSolutions!. This partnership has allowed the implementation of innovative functional requests from Banca Akros which have been integrated with SoftSolutions!’ consolidated domestic and international financial markets connectivity services.