FidessaBNP Paribas has selected Fidessa’s derivatives trading platform to underpin the bank’s futures and options agency trading business.

The platform will support the workflow requirements across Europe, Asia-Pacific and North America. It will also provide BNP Paribas with a suite of specialised derivatives algorithms, including benchmark algos and advanced synthetic order types to normalise trading across global markets.

Gael Pottiez, head of product development, derivatives execution and clearing at BNP Paribas, says: “The strength of Fidessa’s global infrastructure is well known in the industry and we expect the platform to bring immediate improvements for our clients and help us to reduce our costs and to build in important future-proofing.”

It is being implemented as a fully-managed service and provides BNP Paribas with global market data and access to more than 60 futures and options markets.