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FIDESSA EXPANDS MENA FOOTPRINT.

Regional firms are partnering with international companies to ensure they can offer a comprehensive range of brokerage services to their own clients. Local market functionality has been incorporated into Fidessa's comprehensive risk, order management and exchange trading infrastructure. It will enable brokers to trade their local markets while expanding business lines and partnerships to achieve efficient pan-regional and global electronic trading.

Saudi Arabian investment company and asset manager NCB Capital 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.

Rajiv Shah, director of enterprise services for Fidessa in the EMEA region, says: "The structure of the MENA markets, with their vast array of high net worth, retail and institutional investors, demands a powerful and adaptable core technology architecture.

"Our platform seamlessly integrates all of NCBC's trading operations and provides a best-of-breed service to both its retail and institutional clients."

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Publication:Islamic Banking & Finance
Date:Feb 20, 2011
Words:171
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