NCB Capital (NCBC), an investment banking arm of Saudi Arabia-based National Commercial Bank, has selected Fidessa’s sell-side trading platform to support its retail and institutional client operations on the Saudi stock market, as well as its global trading activities.
The agreement incorporates Fidessa’s order management and exchange trading infrastructure as well as global connectivity network across which NCBC will route its international order flow.
Fidessa will now support NCBC’s existing member trading requirements on local MENA markets as well as allowing them to trade global markets through the 530 brokers that are already a part of the Fidessa network community.
Rajiv Shah, director of enterprise services in EMEA at Fidessa, said: ‘Our flexible and high performance platform provides a sophisticated and robust solution that can seamlessly integrate all of NCBC’s trading operations and so provide a best-of-breed service to both their retail and institutional clients.”
Fidessa group is a provider of trading systems, market data and global connectivity to buy-sides and sell-sides globally.