ABN Amro Clearing to distribute Fidessa’s derivatives EMS

The deal extends the partnership between ABN Amro Clearing and Fidessa.

ABN Amro Clearing Bank is to distribute Fidessa’s derivatives execution management system (EMS) in a bid to ready its clients for changes to risk management and reporting under MiFID II.

The addition of Fidessa’s EMS means ABN Amro’s clients will have access to more than 110 futures, options, equities and FX markets delivered out of 11 key locations globally.

The deal follows an established partnership between both firms after ABN AMRO replaced numerous in-house systems with Fidessa’s XTP Technology.

James Fairweather, global head of execution services at ABN Amro Clearing, explained the level of throughput alongside a flexible platform is hugely important to the firm and its clients.

“We were impressed by Fidessa’s intelligent F&O execution capabilities, including their algorithms, synthetic strategies and other smart order types,” he added.

Global head of derivatives at Fidessa, Justin Llewellyn-Jones, commented the firm is heavily vested in ensuring its clients are MiFID II ready.

“Along with our dedicated regulation practice that was established several years ago, we have invested over 10,000 man days of R&D this year alone in ensuring our solutions meet the regulation's requirements,” he said.