BNP Paribas To Distribute Fidessa Workstation
Fidessa group plc and BNP Paribas have entered into a partnership through which the bank will provide its buy-side clients with access to Fidessa’s award-winning futures and options workstation.
.@Fidessa & @BNPParibas announce that the bank will provide its #buy-side clients with access to Fidessa's award-winning multi-broker #derivatives workstation providing them with choice, flexibility and market access across global markets https://t.co/poJB1UE0vc.
— Fidessa (@Fidessa) June 4, 2018
BNP Paribas originally implemented Fidessa’s derivatives trading platform in 2016 to support its global futures and options trading operations from hubs in Chicago, London and Hong Kong. Under this new agreement, BNP Paribas will distribute Fidessa’s derivatives trading platform, branded Cortex Listed, to its institutional clients across all regions, providing them with fully-hosted execution capabilities. In addition, BNP Paribas will have the ability to offer its clients access to the Fidessa GT multi-broker workstation providing them with choice, flexibility and market access across global markets.
Gael Pottiez, Global Head of Product Development, Derivatives Execution and Clearing at BNP Paribas, said: “We believe that leveraging Fidessa technology for our Cortex Listed platform reflects the future direction of the marketplace because it combines advanced trading and order analytics in a highly robust platform to deliver a powerful futures trading experience. And with an increasing number of our buy-side clients looking for specialised execution services we’re pleased to be able to meet that requirement with Fidessa GT.”
Justin Llewellyn-Jones, Fidessa’s Global Head of Derivatives, added: “We’re delighted to be working with BNP Paribas to deliver the benefits of our technology to their end clients. Whilst ambitious, our GT strategy has been to develop the best connected futures workstation on the market; one that provides exceptional execution capabilities whilst meeting the stringent performance, security and regulatory requirements that the industry demands today. This new deal with BNP Paribas is further validation of that strategy.”
Fidessa’s derivatives workstation was named Best Trading and Execution Technology at the CTA Intelligence US Services Awards in February, the seventh award for Fidessa’s derivatives trading technology in the past twelve months.
Source: Press release
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