Banca Aletti Outsources SSO to Hi-mtf

As part of a two-part process, the bank moved 300 securities to Hi-mtf's platform on Oct. 12 and will complete the move of another 900 securities by next week, say Hi-mtf officials.

"They are technically called 'branded securities,' which means that they are issued by Banca Aletti and they are not listed in any other kinds of markets," explains Giovanni Roversi, managing director of Hi-mtf. Banca Aletti officials decline to comment.

Hi-mtf, which is still awaiting approval by Italian

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