BNP Paribas distributes Fidessa’s derivatives platform to buy-side clients

BNP Paribas’ clients globally will gain access to Fidessa’s GT multi-broker workstation and derivatives trading platform.

BNP Paribas has entered into an agreement to provide its buy-side clients across all regions with Fidessa’s futures and options derivatives trading platform.

The French investment bank first implemented Fidessa’s derivatives trading platform in 2016 to support its futures and options trading business from Chicago, London and Hong Kong.

The new partnerships means the platform, known as Cortex Listed, and execution services will be available to BNP Paribas’ buy-side clients globally. BNP Paribas will also offer clients access to Fidessa’s GT multi-broker workstation, for greater flexibility and market access across global markets.

“With an increasing number of our buy-side clients looking for specialised execution services we’re pleased to be able to meet that requirement with Fidessa GT,” said Gael Pottiez, global head of product development, derivatives execution and clearing at BNP Paribas.

“We believe that leveraging Fidessa technology for our Cortex Listed platform reflects the future direction of the marketplace because it combines advanced trading and order analytics in a highly robust platform to deliver a powerful futures trading experience.”

Justin Llewellyn-Jones, Fidessa’s global head of derivatives, added that the partnership with BNP Paribas reflects Fidessa’s GT strategy.

“Whilst ambitious, our GT strategy has been to develop the best connected futures workstation on the market; one that provides exceptional execution capabilities whilst meeting the stringent performance, security and regulatory requirements that the industry demands today.”