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...