Malaysian bank RHB Investment Bank has selected Fidessa to provide a strategic trading platform across Asia.
The Fidessa platform offers centralised order management and algorithmic trading across member markets, using an integrated middle office. The bank reportedly mandated the platform to support its growing business in Asia.
According to Fidessa, the selection was based on its ability to quickly onboard foreign information exchange clients, and because it offers a choice to execute manually, directly, or through algorithmic models tailored to different countries.
The software also offers a consistent solution addressing post-trade confirmations, in response to increasing demands from international clients in this area.
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."
He added: "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, added: "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."
The Fidessa global network is now in use in more than 200 markets around the world.
