UK trading technology vendor royalblue has extended its Fidessa equities trading system to include support for exchange-traded derivatives.
Royalblue has been working on the development for the past 18 months. The vendor says the new extended platform should enable users to reduce trading costs, simplify infrastructure and improve order flow.
In the first phase, Fidessa will provide connectivity to Euronext.liffe, Eurex, Cbot and CME.
The single platform approach also simplifies regulatory compliance with directives such as MiFID and Reg NMS, says royalblue, by reducing the number of disparate systems and data feeds that are impacted and making the demonstration of best execution easier, especially for structured products across asset classes.
Stephen Grob, head of the Fidessa development team at royalblue, says: "Unlike other vendors, we made the decision from the outset to extend and build upon our own architecture in order to end up with a truly integrated platform. This will pay real dividends in areas such as smart order routing and algorithmic trading whereby we can go across asset class and across exchange simultaneously."
Royalblue says Fidessa's move into derivatives is timed to reflect a growing need within both the sell and buy sides for global multi-asset platforms that smaller, single-asset vendors do not have the resources to develop, operate and support.