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CIMB implements Fidessa platform

First Published 12th October 2015

CIMB Securities expands use of Fidessa technology to offer low-touch DMA and high-touch F&O trading services.

Justin Llewellyn-Jones, Fidessa

Justin Llewellyn-Jones, Fidessa

"Interest in Asian derivatives is on the rise with exchanges, clearing houses, brokers and vendors all making significant moves in the region."

Hong Kong - Fidessa group has extended its long-standing partnership with CIMB Securities, the international securities franchise of ASEAN banking groups, by providing its derivatives trading platform to support CIMB's regional and global growth.

Justin Llewellyn-Jones, global head of Derivatives at Fidessa, viewed the partnership with CIMB as timely given the current trends in global derivatives. "Interest in Asian derivatives is on the rise with exchanges, clearing houses, brokers and vendors all making significant moves in the region," he said. "CIMB's implementation of an integrated system will enable their local, regional and global clients to participate fully in global markets in any way they choose, and take advantage of our real-time monitoring and reporting capabilities as well as our sophisticated algorithms and controls."

Carol Fong, CEO of CIMB Securities, commented: "The addition of the new derivatives platform from Fidessa not only extends the value CIMB provides to both our high-touch and low-touch DMA business lines, but also enables us to realise our goal of offering multi-asset electronic trading capabilities to our clients. Fidessa's technology has been integral to the provision of sophisticated, robust trading capabilities to our clients regardless of where they may be domiciled, and we are confident that they will continue to support our business as successfully as they have done over the past eight years."

With the futures and options platform co-located with SGX in Singapore, CIMB's clients will enjoy low-latency access to Asian derivatives markets. They will also be able to take advantage of Fidessa trading screens themselves, enabling them to both monitor order progress and execute their own DMA trades.

David Polen, global head of Electronic Execution at Fidessa, added: "Managing execution in Asia has always been a nuanced business. There is a tremendous velocity of regulatory and technical change across all jurisdictions. On top of this, buy-sides require flexibility in how their orders are handled. We are delighted that CIMB has recognised the benefits of our offering and we look forward to deepening our relationship with them."

Fidessa's derivatives trading platform was recently voted Sell-side Trading System of the Year at the 2015 FOW Awards for Asia, the third consecutive win in this category.