Asian acquisition follows hot on the heels of US deal to widen firm’s geographic footprint.
Firm hopes hire will help boost buy-side offering.
The bank will use Fidessa's platform for sales and execution across its equities and derivatives business.
At a time where cost efficiency has become the new world order, outsourcing almost everything from trading technology to post-trade processes has become the next big thing.
Sell-side study by FIS finds 39% of firms expect front office functions to be outsourced by 2020.
BNP Paribas has chosen Fidessa's execution platform to support its listed derivatives trading operations globally.
Capital costs and increasing workflows have resulted in banks looking to outsource certain derivatives operations to utilities.
Fidessa's buy-side revenues are down 3% as firms look to outsource operations to larger buy-side firms.
Asset management trading desks could be among the first front office functions to be outsourced. Hayley McDowell investigates...
Instinet tells The TRADE brokers need to embrace technology outsourcing, as banks continue to pull back from Asia Pacific region.