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4th February, 2008
Fidessa at forefront of connectivity to NYSE MatchPoint
New York, 4th February 2008 Fidessa group plc (LSE:FDSA), the world’s leading provider of trading systems, market data and global connectivity, today announced its connectivity to NYSE MatchPoint, the recently launched electronic block trading facility. NYSE MatchPoint is a facility of the New York Stock Exchange, which is a subsidiary of NYSE Euronext (NYX).
NYSE MatchPoint is a portfolio-based, point-in-time electronic exchange facility that matches aggregated orders at pre-determined times with no market impact. Through the connectivity agreement, users of the Fidessa Trading Platform can access and trade securities listed on all major and regional US stock exchanges through NYSE MatchPoint.
The Fidessa Trading Platform combines electronic order and execution workflow along with real-time, multi-currency trading, position keeping and reporting along with comprehensive, integrated real-time, market data.
“Fidessa will serve an essential link to NYSE MatchPoint, which by creating a centralized, exchange-neutral matching environment, is designed to provide the optimal solution for portfolio and single order liquidity discovery,” says James G. Ross, vice president, NYSE MatchPoint. “We’re very happy to be a partner with Fidessa,” adds Ross.
Martin Hakker, EVP Marketing at Fidessa says: “As the US trading landscape rapidly evolves with additional pools of dark liquidity, Fidessa is proud to be at the forefront of providing access to new trading venues such as NYSE MatchPoint. Fidessa is committed to providing the greatest choice of destinations for its clients to trade and is pleased to be able to offer additional sources of liquidity within the marketplace as soon as they open.”
The Fidessa product suite provides integrated multi-asset trading, market data and connectivity solutions to over 16,000 users at around 500 clients around the world, and serves over 85% of global, tier-one equity brokers. The Fidessa network provides connectivity to around 1,300 buy-side institutions, 230 brokers and 83 exchanges globally.
About NYSE Matchpoint
NYSE MatchPoint is an electronic equity-trading facility that matches aggregated orders at predetermined fixed times with prices that are derived from primary markets. NYSE MatchPoint is designed to lower transaction costs by providing a passive trading environment, no market impact, consolidated participation and liquidity, and complete control over order information. Participants are provided full anonymity throughout the order-entry and trade-execution process.
NYSE MatchPoint’s business and technology facilities are specifically designed to capture the existing benchmark matching business and to champion next-generation benchmark matching and call market innovations and developments. NYSE MatchPoint accommodates both single block orders and large portfolios.
About Fidessa group
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 product suites 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 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 95 million messages a month covering DMA, Care and Algorithmic orders, Indications of Interest and FIX Allocations between around 1,500 buy-sides and 255 brokers across 92 exchanges worldwide.
Head-quartered in London and with offices in New York, Boston, Tokyo, Hong Kong, Paris, Toronto and San Francisco, Fidessa group serves around 22,000 users across 520 clients globally. Fidessa group was founded in 1981, has revenues of $270m, employs over 1,100 people and has been fully listed (LSE:FDSA) since 1997.
www.fidessa.com
www.latentzero.com
For further information, please contact:
Martin Hakker
Fidessa
(212) 520-3697
martin.hakker@fidessa.com
Marc Weinstein
Spring, O'Brien & Co for Fidessa
(212) 520-7100, ext. 216
marcw@spring-obrien.com
Scott Peterson
NYSE MatchPoint
+ 1 212 656-4089
Speterson@nyx.com
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