The Fidessa platform is intended to support the bank’s listed derivatives trading operations across Europe, the Asia Pacific and North America.
It provides derivatives algorithms for normalising trading across global markets, as well as order analytics and monitoring capabilities to provide more precision of execution for clients.
As a fully-managed services, the platform uses a network of hosting centres and will provide BNP Paribas with access to 60 futures and options markets, and global market data.
Gael Pottiez, head of product development for derivatives execution and clearing at BNP Paribas, commented: "We needed a platform that could support the complex and varied needs of our clients all over the world. It was also essential to partner with a firm that had proven capabilities in managing the technology infrastructure required to support a large-scale trading operation such as ours.”
“The strength of Fidessa's global infrastructure is well known in the industry and we expect the platform to bring immediate improvements for our clients and help us to reduce our costs and to build in important future-proofing."
Justin Llewellyn-Jones, global head of derivatives at Fidessa, added: "We are very pleased to be working with BNP Paribas to support their futures and options business. Like many of our customers, they recognise the value of our industrial-strength workflow and a global footprint that allows us to support them around the world.”
“We have continued to invest substantially in the platform to ensure that it delivers the functionality that market participants demand and ensure that our customers can stay ahead in this highly competitive marketplace."