Insinger de Beaufort signs for Fidessa multi-asset trading platform
London, 10 July 2006 - royalblue (LSE:RYB), provider of Fidessa, today announced the signing of Insinger de Beaufort, the Anglo-Dutch banking group, as the first client for its recently launched multi-asset trading platform. The fully hosted Fidessa platform will provide Insinger de Beaufort with cross-asset trading, order management and middle-office functionality, for 60 users located in their London offices.
Launched this June, Fidessa's multi-asset trading platform provides robust, super-resilient trading across asset classes along with smart order flow, integrated market data, risk management and connectivity to an extensive network of financial players across a global market.
Martin Burton, director at Insinger de Beaufort, comments: "With Fidessa's multi-asset platform we will be able to replace a number of existing disparate systems, and so streamline and integrate our different activities to capitalise on trading opportunities and provide a better service to our clients."
Insinger de Beaufort recently undertook an extensive review of its systems following its acquisition of Monument Securities Ltd. Central to its requirements was a system that could operate across the different offices of Insinger de Beaufort and, crucially, provide one combined platform for its cash equities and derivatives business lines.
Steve Grob, head of derivatives at Fidessa, adds: "This deal confirms that our multi-asset strategy is on the right course and validates our belief that there is a real market demand for our unique combination of value-added market data, multi-asset trading systems and global connectivity."
Insinger de Beaufort will also be rolling out Fidessa's multi-asset Workstation solution to its own clients as part of the deal. This will allow their buy-side clients to electronically route multi-asset order flow directly through to Insinger de Beaufort. The Fidessa Workstation provides an integrated execution management and market data solution for buy-side traders.
The Fidessa product suite provides integrated trading, market data and connectivity solutions to over 8,500 users at 200 institutions worldwide and is used by over 85% of global, tier-one equity brokers. Fidessa's connectivity network provides links to over 600 buy-side institutions, 140 brokers and 67 exchanges globally.
About Insinger de Beaufort
Insinger de Beaufort is an Anglo Dutch banking group with origins dating back to 1779. The group operates through three main business lines, focussing on Private Banking, Asset Management, both centred in Amsterdam and Institutional & Corporate Clients, centred in London. Insinger de Beaufort also has offices in: Eindhoven, The Hague, Geneva, Luxembourg, Rome, Cape Town and Johannesburg.
Insinger de Beaufort, as an independent group, offers its private clients a broad range of products and services, from integrated private banking, private equity and stock broking to a full range of manager selection funds. The offering to institutional clients varies from asset management, equity and bond broking and research to mid market corporate finance services.