4th December, 2008
Fidessa launches new BlueBox algorithms designed for brokers in the Canadian market

Toronto, 3rd December, 2008 – Fidessa group plc (LSE:FDSA) the world leading provider of trading systems, market data and global connectivity, today announced that it has added three new execution algorithms to its BlueBox strategies suite in Canada. The new algorithms, Invisible, Price Improvement (PI) and Shadow complement Fidessa’s existing algorithms that include VWAP, TWAP, POV and Arrival.

The new algorithms are fully integrated within Fidessa’s Canadian trading platform and available immediately. Each algorithm is designed to help drive trading performance through greater automation and lower transaction costs while finding liquidity in Canada’s increasingly fragmented market.

Martin Hakker, EVP Marketing at Fidessa, comments, “Canada is the fourth region to go live with Fidessa’s BlueBox algorithms following the US, Europe and Japan. This is testament to the scalability and integration capabilities of Fidessa’s core architecture globally and the flexibility of the BlueBox framework that offers algorithmic developers a cost-effective, functionally rich, technical environment to efficiently develop, deploy and control proprietary algorithms.”

The Invisible algorithm is an aggressive strategy designed to access all available liquidity within a trader's pre-defined price and size requirements. The algorithm will seek out market opportunities and automatically sweep displayed markets when triggered, while remaining hidden during unfavorable market conditions.

PI and Shadow are both passive pegging algorithms that maximize execution rates at the most favorable market prices. The algorithms utilize complex randomization techniques to minimize exposure to popular gaming practices.

Hakker adds, “As fragmentation continues to evolve and trade volumes rise, our Canadian clients are increasingly demanding advanced trading solutions for executing into the market. These new strategies enable our Canadian clients to optimally execute their order flow with both passive and aggressive strategies.”

BlueBox enables firms to quickly move into the algorithmic trading space by leveraging Fidessa’s industrial-strength algorithms within a hosted environment. Designed with maximum flexibility, BlueBox allows traders to build, run and control their own algorithmic trading strategies. They can track key performance indicators in real-time and step in to alter parameters on the fly, slow down or speed up trading, or pause or stop the algorithm to react to changing market conditions or to mitigate risk as well as use pre-, post- and intra-trade analytics to evaluate performance.

Fidessa’s BlueBox suite includes both benchmark algorithms and execution algorithms that maximize liquidity access while minimizing market impact.

About Fidessa group

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

The Fidessa suite is used by 85% of tier-one, global equity brokers as well as niche regional players, providing powerful multi-asset trading, order management, compliance and middle-office capabilities, along with sophisticated algorithmic trading and smart order routing services.

The Fidessa LatentZero suite is used by the world’s largest asset management firms through to smaller specialist boutique managers and hedge funds, providing 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.

Fidessa’s global network carries over 180 million messages a month covering DMA, Care and Algorithmic orders, Indications of Interest and FIX Allocations between over 2,200 buy-sides and 360 brokers across 115 markets worldwide.

Headquartered in London and with offices in New York, Boston, Tokyo, Hong Kong, Paris, Toronto, San Francisco and the Kingdom of Bahrain, Fidessa serves over 22,000 users across 630 clients globally. Fidessa group was founded in 1981, has revenues of £189.1m, employs 1,400 people and has been fully listed on the London Stock Exchange (FDSA) since 1997.

www.fidessa.com

www.latentzero.com

For further information, please contact:

Marc Weinstein
Spring, O'Brien & Co for Fidessa
(212) 520-7100, ext. 216
marcw@spring-obrien.com

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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