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A-Team Insight Blogs

ABN Amro Clearing Bank Distributes Fidessa Derivatives EMS

ABN Amro Clearing Bank has extended its relationship with Fidessa to allow the clearer to distribute the software vendor’s derivatives execution management system (EMS). This follows ABN Amro’s 2016 harmonisation of its global multi-asset market access by replacing numerous vendor and in-house systems with Fidessa’s XTP technology, and means the clearer can now present clients with a globally consistent and performant market access layer to more than 110 futures, options, equities and FX markets delivered out of 11 locations around the world.

James Fairweather, global head of execution services at ABN Amro, says handling over 16 million trades daily and covering the world’s leading exchanges across Europe, the Americas and Asia Pacific requires a robust, scalable and flexible platform. Fidessa, he adds, provides intelligent futures and options execution capabilities, including algorithms, synthetic strategies and other smart order types.

ABN Amro’s work with Fidessa also supports compliance with Markets in Financial Instruments Directive II (MiFID) which comes into force on January 3, 2018 and extends 2007 MiFID trading requirements around equities to futures markets.

Justin Llewellyn-Jones, global head of derivatives at Fidessa, comments: “Along with ensuring that our clients have access to the best execution capabilities, 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.”

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