RHB Investment Bank live with Fidessa across Asia
Malaysia headquartered RHB Investment Bank (RHB) has implemented Fidessa as its trading platform across Asia. The system, managed by Fidessa throughout the region, provides algorithmic trading across all member markets, ‘intelligent’ indications of interest (IOIs) and a centralised order management system (OMS) with integrated middle-office to support RHB’s regional business.
The ability to on-board a multitude of FIX clients whilst offering them the choice to execute manually, directly, or through algorithmic models which are tailored to different countries was a driver in RHBs’ decision to use Fidessa’s technology. The bank reports that international clients are becoming increasingly demanding when it comes to post-trade confirmations, and the platforms’ ability to offer a normalised and consistent solution for this across the region fulfilled its requirement.
Lena Yong, head of Institutional Broking for RHB, said, “We are very enthusiastic about the value this new platform will bring to our clients, as well as the opportunity for us to enhance our internal operations. RHB clients will see a substantial improvement in our services, whether they want to trade across Asia or internationally. Implementing this solution was an integral part of our strategy to consolidate our systems and continue to be a ‘premier league’ investment bank.”
Fidessa says that its global network connects 4,800 buy-sides with 730 brokers across more than 200 markets around the globe.
Reported by Dan Barnes
