Monte Titoli fights to save bond trading system

Monte Titoli, the Italian settlement agency, is battling to rescue its new technology system, which has encountered problems just days after being launched, sending volumes in Italian government bonds down by 50%.

Giovanni Sabatini, the chief executive of Monte Titoli, said that the depository is "in the process of stabilising" its Express II system, which started trading last Monday, to rectify the problems that have caused trades to fail to settle.

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