RBS Invests in Fidessa F&O Trading Platform

Bank seeks to expand execution capabilities for global derivatives business.

Royal Bank of Scotland
RBS has opted for the Fidessa platform to expand its execution capabilities for derivatives.
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RBS has expressed its intent to expand its execution capabilities in order to compete in the derivatives market while meeting global regulatory demand. The Fidessa F&O platform will provide RBS with tools for risk management, compliance and reporting.

"Growing a derivatives business at a time of considerable competition, regulatory pressure and changing market structure presents unique challenges," says Brian Halligan, global head of futures execution and clearing at RBS. "We are confident that we can realize substantial efficiencies while having a consolidated global view of our activity and risk profiles."

Last month RBS announced it will exit its markets businesses in Central and Eastern Europe, the Middle East and Africa, and "substantially" reduce its presence in Asia-Pacific and the US following a loss of £3.47 billion ($5.38 billion) last year.

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