RBS Taps Fidessa for Futures and Options Platform Technology
- RBS will begin to use technology from Fidessa to power exchange-traded futures and options trading by its customer, replacing previous trading technology the bank had in place for its clients.
Financial technology and data provider, Fidessa Group, announced that RBS has chosen their futures and options Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term solution to be used within their Global Derivatives business. With the roll out of the platform, RBS’s exchange-traded futures and options trading by its customers will take place using the Fidessa platform, replacing previous trading technology the bank had in place for its clients.
In addition to execution, the system also provides RBS with Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term,compliance and reporting capabilities. According to Brian Halligan, Global Head of Futures Execution and Clearing at RBS, the back office features, including compliance reports, were part of the decision to choose Fidessa as the product fits the bank’s regulatory requirements.
On this, Halligan commented, "Growing a derivatives business at a time of considerable competition, regulatory pressure and changing market structure presents some unique challenges.” He added, “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, also commented, "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."
Financial technology and data provider, Fidessa Group, announced that RBS has chosen their futures and options Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term solution to be used within their Global Derivatives business. With the roll out of the platform, RBS’s exchange-traded futures and options trading by its customers will take place using the Fidessa platform, replacing previous trading technology the bank had in place for its clients.
In addition to execution, the system also provides RBS with Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term,compliance and reporting capabilities. According to Brian Halligan, Global Head of Futures Execution and Clearing at RBS, the back office features, including compliance reports, were part of the decision to choose Fidessa as the product fits the bank’s regulatory requirements.
On this, Halligan commented, "Growing a derivatives business at a time of considerable competition, regulatory pressure and changing market structure presents some unique challenges.” He added, “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, also commented, "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."