BNP Paribas picks Fidessa's derivatives trading platform
BNP Paribas will use Fidessa’s derivatives trading platform for its futures and options trading business.
The system will support requirements of the bank’s listed derivatives trading operations across Europe, Asia-Pacific and North America.
Order management, order handover capabilities and execution are all supported by the platform globally.
It will also provide BNP Paribas with a suite of specialised derivatives algorithms, including benchmark algos and advanced synthetic order types.
“We needed a platform that could support the complex and varied needs of our clients all over the world,” said Gael Pottiez, head of product development, derivatives execution and clearing at BNP Paribas.
Fidessa's platform will provide BNP Paribas with global market data and high speed access to more than 60 futures and options markets.
Justin Llewellyn-Jones, global head of derivatives at Fidessa, added: "Like many of our customers, BNP Paribas recognise the value of our industrial-strength workflow and a global footprint that allows us to support them around the world.”
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