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Screenshot of a breaking news alert e-mail from Q2 2017
Less than a month after Fidessa Group plc (LON:FDSA) sealed a partnership with Maybank Kim Eng, the provider of trading, investment and information solutions for financial companies announces another important collaboration set to boost its Asian footprint.
Fidessa today said that Malaysia’s RHB Investment Bank (RHB) has implemented Fidessa as its strategic trading platform across Asia.
The platform offers advanced capabilities including algorithmic trading across all member markets, intelligent IOIs and a centralized order management system with integrated middle-office supporting RHB’s regional business.
A key factor for RHB’s choice of Fidessa’s technology was the ability to on-board a multitude of FIX clients with speed and agility, as well as offering them the choice to execute manually, directly, or through algorithmic models tailored to different countries.
Phillip Jeffrey, Head of Sales for Fidessa in Asia, said,
“As an increasing number of global brokers scale back in the region and Asian banks grow in importance, the foundation of their systems needs a re-think. This is where the power and scale of Fidessa’s infrastructure, combined with its broad range of features, position it as a natural partner to deliver the required reach and reliability”.
Lena Yong, Head of Institutional Broking for RHB, said,
“We are very enthusiastic about the value this new platform will bring to our clients, as well as the opportunity for us to enhance our internal operations. RHB clients will see a substantial improvement in our services, whether they want to trade across Asia or internationally. Implementing this solution was an integral part of our strategy to consolidate our systems and continue to be a ‘premier league’ investment bank”.
You can view the official announcement on the collaboration by clicking here.
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