ABN Amro opts for Fidessa execution platform
Fidessa has signed a contract to provide cross-asset execution services to ABN Amro Clearing.
The deal allows the clearing house to offer its clients low-latency access to more than 110 futures, options, equities and FX markets worldwide.
ABN Amro's clearing unit handles over 16 million trades per day and covering the world’s top exchanges across Europe, the Americas and Asia Pacific.
Prior to the agreement, the firm used numerous software vendors and in-house systems. Fidessa's new service will intermediate execution from the providers.
The trading technology firm Fidessa has been investing heavily in both its infrastructure and its execution technology in recent years.
"After a broad RFP process and thorough due diligence effort, Fidessa came up as the most suitable partner for AAC", said James Fairweather, head of global execution services at ABN Amro Clearing.
"Their global offering and professional approach are a perfect fit for the AAC global clearing proposition and strategy."
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