ABN Amro Clearing extends relationship with Fidessa

Source: Fidessa

Fidessa group plc (LSE: FDSA) today announced that it has extended its existing relationship with ABN AMRO Clearing Bank N.V. to allow the global clearer to distribute Fidessa’s derivatives EMS.

In June 2016 ABN Amro Clearing harmonised its global multi-asset market access by replacing numerous ISV and in-house systems with Fidessa's XTP technology. ABN Amro Clearing can now present its clients with a globally consistent and highly performant market access layer to more than 110 futures, options, equities and FX markets delivered out of 11 key locations around the world.

ABN Amro Clearing is one of the world’s leading providers of clearing and financing services, handling over 16 million trades daily and covering the world’s leading exchanges across Europe, the Americas and Asia Pacific. The bank consistently ranks among the top three clearers in every time zone, based on market turnover.

"With this level of throughput, having a robust, scalable and highly flexible platform is hugely important to us and, more importantly, our clients," said James Fairweather, Global Head of Execution Services at ABN Amro Clearing. "We were impressed by Fidessa’s intelligent F&O execution capabilities, including their algorithms, synthetic strategies and other smart order types."

"Along with ensuring that our clients have access to the best execution capabilities in the world, Fidessa is also heavily vested in ensuring that they will be MiFID II ready. Along with our dedicated regulation practice that was established several years ago, we have invested over 10,000 man days of R&D this year alone in ensuring our solutions meet the regulation's requirements,” added Justin Llewellyn-Jones, Global Head of Derivatives at Fidessa.

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