10th Mar 2015 13:17
LONDON (Alliance News) - Financial services technology company Fidessa Group PLC on Tuesday said it has won a deal with The Royal Bank of Scotland Group PLC to provide the bank its futures and options trading platform.
The platform provides risk management, compliance and reporting capabilities to allow firms to meet global regulatory requirements, Fidessa said.
The FTSE 250-listed company did not provide any financial details on the contract.
"Our focus is on delivering innovative workflow solutions that not only align with the real needs of market participants today, but also deliver continuous reductions in the cost of ownership for our customers. RBS's decision to move their exchange-traded derivatives execution business onto the Fidessa platform is validation of these efforts and we are delighted to be working with them," said Justin Llewellyn-Jones, Fidessa's global head of derivatives.
Fidessa shares were down 0.7% to 2,150.00 pence on Tuesday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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Related Shares:
RBS.LFidessa Group