Major equities ISV Royal Blue (RB) has confirmed its
intention to enter the derivatives software market in Europe,
prompting speculation that it may look to acquire one of the
existing vendors in the sector. The effort will be spearheaded
by former Future Dynamics ceo Steve Grob, who was hired shortly
after FD was taken over by FfastFill (see FO Week Vol
9 No 40).
RB said the move, aimed at building on the firm's strong
reputation in the equity market, is a response to client
interest in a cross-asset trading capability.
RB ceo Chris Aspinwall, told FO Week: "We currently
support the cash product very fully and numbers of our
customers want to see that enhanced by combining cash and
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