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16th October, 2006
Fidessa® extends
multi-asset offering to the buy-side
London – 16 October 2006: royalblue
(LSE: RYB), supplier of Fidessa, today announced
that it has extended its multi-asset capabilities
to support exchange traded derivatives in the
Fidessa Workstation Execution Management Service
(EMS) for the buy-side.
This is the second phase of Fidessa’s multi-asset
strategy after launching its multi-asset trading
platform for the sell-side in June. Fidessa Workstation
EMS provides non-member execution on Euronext
Liffe, EUREX, CBOT and CME as well as the global
cash equity markets already available.
Unlike other vendors, Fidessa has opted to extend
the core strengths of its equity platform to create
an asset agnostic architecture to ensure a truly
integrated solution. Fidessa’s multi-asset
platform enables its users to reduce trading costs,
simplify infrastructure, improve order flow and
offer a better range of services to their customers.
Available as a fully hosted ASP solution, the
Fidessa Workstation EMS provides a global, broker-neutral
order management and execution solution targeted
at buy-side trading desks. With fully integrated
real-time market prices, news and fundamental
data, traders can smart-route orders to a variety
of DMA, algorithmic and care order services globally.
Users of Fidessa Workstation EMS can now manipulate
equities, futures and options instruments side
by side and smart-route their orders through to
a variety of brokers according to asset class,
with screens that can intelligently sense which
asset class a user is looking at and adapt the
data displayed accordingly. Fidessa connects to
over 170 sell-side brokers, including blue-chip
names such as Bear Stearns, BNP Paribas, Cheuvreux,
Credit Suisse, Deutsche Bank, Goldman Sachs, Goodmorning
Shinhan Securities, HSBC, Lehmans, Merrill Lynch,
Morgan Stanley and UBS providing execution services
for global markets.
Steve Grob, director of derivatives at Fidessa
comments: “The technology gap between the
sell and the buy-side is shrinking. With EMS we
can give the buy-side one screen on their desktop
with the full range of asset classes that enables
them to make informed, instantaneous trading decisions.
Interest in this product by brokers is also very
strong so we are currently in discussions with
them to offer this new service as a white-label
solution that they can provide directly to their
own buy-side clients.”
Fidessa Workstation EMS combines execution capabilities
with market data, charting, company information,
broker forecasts and news covering 68 exchanges
around the world. The combination of value-added
market data and tight integration of asset classes
means that users get an accurate, comprehensive
picture of what is happening in the markets, along
with the ability to trade them, all from one proven
system.
The Fidessa product suite provides cross-asset
trading, market data and connectivity solutions
to over 9,000 users at 260 client sites around
the world and is currently used by over 85% of
tier-one equity brokers globally.
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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:
Simon Barnby
Fidessa
+44 (0) 20 7105 1250
simon.barnby@fidessa.com
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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