16 October 2017
Reporter: Jenna Lomax

ABN AMRO Clearing extends partnership with Fidessa

ABN AMRO Clearing has extended its relationship with Fidessa to use its XTP technology, enabling high-performance market access.

The decision to renew will allow ABN AMRO Clearing to distribute Fidessa’s derivatives through its electronic meeting system.

Fidessa and ABN AMRO harmonised their platforms in June 2016, after ABN AMRO used XTP to replace numerous independent software vendors.

According to ABN AMRO Clearing, the service provider can begin to present its clients with a globally consistent and high performance market access layer to more than 110 futures, options, equities and FX markets.

The second markets in financial instruments directive (MiFID II), which comes into force in January, means that futures will face the same regulatory scrutiny that equities has dealt with since 2007.

James Fairweather, global head of execution services at ABN Amro Clearing, said: "We were impressed by Fidessa’s intelligent execution capabilities, including their algorithms, synthetic strategies and other smart order types.”

Justin Llewellyn-Jones, global head of derivatives at Fidessa, commented: “Along with ensuring that our clients have access to the best execution capabilities in the world, Fidessa is also heavily vested in ensuring that they will be MiFID II ready.”

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