Fidessa: R.J. O'Brien Announcement

  • Compliance
  • 11.12.2017 10:01 am

Fidessa group plc today announced that R.J. O'Brien has signed a global agreement to distribute Fidessa's award-winning futures and options workstation in order to meet demand from its institutional clients, initially in the UK and Europe.

R.J. O’Brien is one of the largest independent futures brokerages and one of the world's premier clearers specialising in exchange-traded futures and options.

As part of its business model, R.J. O’Brien Limited, the firm’s UK entity, offers non-clearing members access to the global futures and options markets which are undergoing fundamental change as MiFID II will affect them for the first time when it is introduced in January 2018. The new rules will require a renewed emphasis on algos, analytics and trade reporting in addition to the traditional features of resilience, robustness and performance. As well as focusing on regulatory compliance, Fidessa has invested heavily to ensure that its customers are positioned to fully take advantage of the business opportunities that will emerge from the new trading environment.

Thomas Texier, Managing Director of R.J. O’Brien Limited, said: "We've seen increasing demand from both clients and new prospects for the Fidessa workstation for its comprehensive futures trading experience. A number of our customers were particularly impressed with Fidessa's options trading capability, together with its fully integrated benchmark algo suite, for example."

Justin Llewellyn-Jones, Global Head of Derivatives at Fidessa, said: "We're delighted to be working with a clearer of the calibre of R.J. O'Brien and look forward to aligning ourselves closely with them as they empower and grow their own community with Fidessa's technology."

The initial deal with R.J. O'Brien will cover all markets operated by exchange groups CME, ICE and Eurex.

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