2nd July, 2007
Fidessa European Trader Workstation expands connectivity with Madrid Stock Exchange

London – 2nd July 2007 - Fidessa group plc (LSE: FDSA), provider of multi-asset trading, market data and global connectivity solutions, today announced the addition of member trading on the Madrid Stock Exchange to its European Trader Workstation (ETW).

Launched last year, ETW is designed for small and mid-tier broker/dealers across Europe, providing member and non-member trading services, seamless electronic order handling, powerful order management functionality and sophisticated pre and post-trade analysis tools.

With the addition of member trading on the Madrid Stock Exchange, Fidessa ETW now provides Spanish brokers with a proven trading solution providing powerful execution capabilities and comprehensive market data. ETW provides non-member trading across global markets through the DMA and care services of over 210 brokers on Fidessa’s global connectivity network. In addition, ETW enables brokers to receive FIX based inbound order flow from buy-side clients through the Fidessa network which already supports connections to over 1,000 buy-sides globally. 

Simon Barnby, global director of marketing communications at Fidessa, comments: “Local brokers face the challenge of keeping abreast with the technological advancements in electronic trading and playing catch up with the global players. By adding member trading to the Madrid Stock Exchange, we are now offering Spanish brokers a powerful and functionally rich trading system. We plan to add more member trading gateways within ETW, in line with client demands.”

Fidessa group is a world-leading supplier of multi-asset trading, portfolio analysis, decision support, investment compliance, market data and global connectivity solutions for both the buy-side and sell-side globally. Available as a simple workstation or as an integrated application suite, the Fidessa and Fidessa LatentZero products are built on the clear vision of providing the richest functionality, coverage and distribution to the financial markets community.

The Fidessa suite is used by 85% of tier-one, global equity brokers providing sophisticated multi-asset trading, market data, order management and execution capabilities to all tiers of the sell-side.

The Fidessa LatentZero suite is used by the world’s largest asset management firms through to smaller specialist managers and hedge funds, and provides comprehensive portfolio analysis, real-time P&L, what-if analysis, investment compliance, order and execution management, and post trade processing tools, across all asset classes, to all tiers of the buy-side.

Fidessa’s global network carries over 130 million messages a month covering DMA, Care and Algorithmic orders, Indications of Interest and FIX Allocations between over 1,800 buy-sides and 310 brokers across 100 markets worldwide.

Head-quartered in London and with offices in New York, Boston, Tokyo, Hong Kong, Paris, Toronto and San Francisco, Fidessa group serves 22,000 users across 600 clients globally. Fidessa group was founded in 1981, has revenues of around US$350m, employs over 1,200 people and has been fully listed (LSE:FDSA) since 1997.

For further information, please contact:

Alastair Turner
Aspectus PR (PR Agency)
+44 (0) 20 7487 8443
alastair@aspectuspr.co.uk

Fidessa® is a registered trademark of Fidessa Group plc
All product and company names herein may be trademarks of their registered owners.

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