CIMB Securities, a Kuala Lumpur-based provider of execution and order management services, has expanded its use of Fidessa's software-as-a-service (SaaS) trading platform to consolidate its sell-side operations in Asia.
CIMB, which this year acquired Royal Bank of Scotland's (RBS) Asia-Pacific investment banking and cash equities operations, will utilize Fidessa's platform in Thailand, Indonesia, Taiwan, Korea and India.
"This move is of significant strategic importance to CIMB as we build on our acquisition of RBS's assets and look to advance our position in our core markets and new forays," says Carol Fong, CEO of CIMB Securities. "We are confident that Fidessa can offer the innovative functionality, proven technology and robust global infrastructure that will support our ambitious growth plans."
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