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.

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 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:

Evelina Amanatidou
Team 660, Metia for Fidessa
+44 (0)20 3100 3592
evelina@metia.com

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