About a-team Marketing Services
The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Citi Deal Puts Fidessa Derivatives Platform on Global Map

Subscribe to our newsletter

Fidessa just bagged a big one. While its derivative platform has done well in Europe – around 50 customers to date – today’s announcement, made during the Futures Industry Association’s annual expo here in Chicago, of a worldwide rollout by Citi has put it on the global map.

The managed service will provide initial low-latency connectivity to 28 exchanges, from data centres in London, Chicago, Hong Kong, Tokyo, Sydney and Mumbai.  London and Chicago will be the first to go live, later this year.

Fidessa’s BlueBox algo platform – which comes with standard algorithms and the ability for customers to add their own – is expected to play a big part in the deployment, since automated trading in futures is on the rise.  That’s partly because regulatory activity is pushing more OTC derivatives towards more transparent marketplaces.

The deal has been in the works for a while – apparently it has its origins in coversations that took place when Citi’s Jerome Kemp was at J.P. Morgan. When Kemp moved to Citi last year, he wanted to make a “game changing” move, and got back in touch.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Leveraging cloud as part of your colocation or proximity hosting strategy

As firms assess which elements of the trading workflow can be profitably migrated to cloud environments, ensuring compatibility with colocation and proximity hosting facilities becomes paramount. Practitioners need to take into account data access and security, messaging latency and regulatory considerations around operational resilience and physical location of client data. This webinar will discuss best...

BLOG

Video: Adaptive CEO’s View on what’s to Come in Trading Technology

Matt Barrett, CEO & Co-Founder of Adaptive Financial Consulting discusses what’s to come in trading technology, how the pandemic has “created a once in a generation rapid acceleration of change in the way people interact in capital markets”, and why he’s looking forward to speaking at TradingTech Summit London on 22 February. If you’d like...

EVENT

RegTech Summit New York

Now in its 7th year, the RegTech Summit in New York will bring together the regtech ecosystem to explore how the North American capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

Best Practice Client Onboarding

Client onboarding is central to the success of banks, yet it continues to present challenges and the benefits of getting it right are difficult to achieve. The challenges arise from siloed systems, manual processes and poor entity data quality. The potential benefits of successful implementation include excellent client experience, improved client acquisition and loyalty, new business opportunities, reductions in costs, competitive advantage, and confidence in compliance.