Fidessa group plc (LSE: FDSA) has today announced that RBS has selected Fidessa’s futures and options trading platform to enhance its execution capabilities within the global derivatives business. Both firms will mutually benefit from the wealth of experience and talent they offer in the derivatives space as RBS invests in the technology necessary to continue to provide its clients with a top quality execution service.
Fidessa’s high-performance front and middle-office workflow capabilities and low-latency execution allow operational efficiencies and scalability to support substantial growth. Fidessa provides a proven technology infrastructure, resilient data centres and connections to all the major derivatives markets worldwide. The platform delivers risk management, compliance and reporting capabilities that firms need to meet regulatory demands across the globe.
Brian Halligan, Global Head of Futures Execution and Clearing at RBS, commented: “Growing a derivatives business at a time of considerable competition, regulatory pressure and changing market structure presents some unique challenges. We are dedicated to providing the highest quality of service to our customers and Fidessa’s award-winning platform helps us deliver on that commitment by enhancing the tools we use and offer to our clients. In addition, we are confident that we can realise substantial efficiencies while having a consolidated global view of our activity and risk profiles, which ensures that we can grow and manage our business in the most effective and efficient manner.”
Justin Llewellyn-Jones, Global Head of Derivatives at Fidessa, added: “Our focus is on delivering innovative workflow solutions that not only align with the real needs of market participants today, but also deliver continuous reductions in the cost of ownership for our customers. RBS’s decision to move their exchange-traded derivatives execution business onto the Fidessa platform is validation of these efforts and we are delighted to be working with them.”
Fidessa’s platform supports the trading operations of some of the world’s leading firms and has garnered a number of industry awards, including accolades in both the Futures & Options World International and Asia Awards for the second consecutive year. Scaling from a single regional implementation with global reach, to a global deployment across multiple regions, it includes connectivity to all the major trading venues, buy-sides and other brokers, as well as comprehensive market data and a trans-continental, 24-hour help-desk.
