Cash equity specialist ISV RoyalBlue has outlined its
ambitions in multi-asset trading as it prepared to launch its
derivatives platform on 19 June. The firm, which last week
claimed its Fidessa product was in use by 85% of the global
tier one equity brokerage market, said that growing interest in
multi-product trading supported its decision to move into
futures and options.
RoyalBlue's entry into the derivatives space has been
anticipated since the firm's head of derivatives, Steve Grob,
left Future Dynamics in 2004 (see FO Week Vol 9 No
41). Its existing equities business has allowed the firm 18
months to develop a derivatives offering and Grob claimed that
the firm was in a stronger position than many of the often
non-profit making derivatives ISVs.
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