ABG Sundal Taps Fidessa to Support its Equities and Derivatives Business

ABG Sundal Collier, a Nordic investment banking powerhouse, has selected Fidessa’s workflow platform to provide its clients with robust brokerage services across both equities and derivatives. Under the terms of the agreement, ABGSC is enhancing sales and execution business by tapping Fidessa’s workflow capabilities, order analytics and low-latency execution.

The technology partnership is important for ABGSC as it helps bolster its compliance with the MiFID II new rules which come into force in January 2018. Fidessa’s platform offers a suite of specialised algorithms, including enhanced controls, regulatory order and trade data, compliance monitoring and SI quoting capabilities.

The new accord between Fidessa and ABGSC will see the integration of Fidessa’s global order management and low-latency execution capabilities into the bank’s operations in Stockholm, Oslo, Copenhagen, Frankfurt, London and New York.

The agreement with ABGSC is the latest in a spate of deals since the trading software maker expanded into the derivatives market, culminating in partnerships with Citi, Nomura and Newedge, amongst others. Fidessa’s derivatives trading platform is now deployed by more than 70 clients worldwide, scaling to support everything from single user execution through to fully-integrated global order management.

Real and differentiating value

ABG Sundal Collier is a Norway-based investment bank that provides a range of services to institutional investors and high net-worth individuals. The bank’s markets division offers a platform that delivers financial services, including brokerage, trading and execution of equities, bonds, derivatives, structured products and foreign exchange (FX).

Daniel Lundqvist, Head of Sales Trading Sweden & Execution Global at ABGSC, commented: “A review of our existing technology led us to search for a robust, reliable and cost-efficient solution that would enable us to provide the high quality of execution services that our local and international investors are demanding, both today and post-MiFID II. With a well-deserved reputation for the quality of its software, a deep understanding of the equity and derivatives markets and the proven ability to support global trading operations, Fidessa was the natural choice for us.”

Peter Holmgren, Regional Sales Manager at Fidessa, added: “As the services brokers offer are increasingly polarised around high and low-touch trading, it is important to have a platform that delivers the best technology and capabilities for each. Fidessa has invested heavily in tools to empower the Sales Trader of today and which will allow ABGSC to add real and differentiating value to the service they offer. And our investments in global infrastructure and multi-asset electronic trading capabilities mean that ABGSC can now offer automated trading services to clients that are second to none. We’re delighted to be working with them as they look to rationalise their trading technology and build on their long-established business.”

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