RFQ-hub, the bilateral multi-dealer platform for listed and OTC derivatives for fund managers, has joined Fidessa group's global connectivity network.
RFQ-hub’s clients can now interact with their universe of derivatives brokers across Fidessa’s global FIX network. RFQ-hub’s platform enables its clients to obtain and select competing quotes and complete the transaction with their investment bank counterpart. By routing derivative RFQs and orders via FIX messaging fund management firms can trade in a lower risk environment.
David Sagnier, CEO of RFQ-hub, said: “We are very excited about this development. Connecting to Fidessa’s global FIX network removes one major manual step in the derivatives trading process. It’s a key step for RFQ-hub and its clients along the road to better standards and market practice in derivatives trading.”
Simon McDowell, managing director of connectivity at Fidessa, said: “We’re very pleased to be working with RFQ-hub. It’s a testament to the benefits of an asset-agnostic platform such as Fidessa that an initiative which helps remove inefficiencies in the buy-side workflow for derivatives trading can be made available across our global community.”
Fidessa group is a supplier of multi-asset trading, portfolio analysis, decision support, compliance, market data and connectivity solutions for firms involved in trading the world’s financial markets.
RFQ-hub is the recently launched bi-lateral request-for-quote (RFQ) and electronic trading platform for listed and OTC derivatives for fund managers and their investment bank counterparts. I
RFQ-hub covers global markets for equity derivatives, convertibles, ETFs and Credit Default Swaps (CDS), and automates the often manual RFQ process by enabling firms to send RFQs and receive competing, tradable quotes electronically from interface or a client’s own systems.