CIMB leverages Fidessa after RBS acquisition 20 November 2012Hong Kong Reporter: Georgina Lavers
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Fidessa is deepening business ties with CIMB Securities to enable its regional growth plans, with Fidessa’s software to be extended to cover Thailand, Indonesia, Taiwan, Korea and India.
Following CIMB’s recent acquisition of Royal Bank of Scotland’s (RBS) Asia Pacific investment banking and cash equities operations, it is now looking for Fidessa to support its operations in new markets with cross-border order management and visibility for domestic and regional order flow.
CIMB will also take advantage of Fidessa’s advanced trading tools for IOI management, basket and execution management and program trading, as well as algorithmic trading.
CEO of CIMB Securities Carol Fong said: “This move is of significant strategic importance to CIMB as we build on our acquisition of RBS’s assets and look to advance our position in our core markets and new forays. We are confident that Fidessa can offer the innovative functionality, proven technology and robust global infrastructure that will support our ambitious growth plans.”
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