| 
28th January, 2008
Nordic broker Erik Penser joins Fidessa’s global network
London, 28 January 2008 - Fidessa Group PLC (LSE:FDSA), provider of the Fidessa and LatentZero trading solutions for the sell-side and buy-side, today announced that Stockholm-based securities firm Erik Penser Fondkommission AB (Erik Penser FK) has joined its global connectivity network.
With a skilled team of analysts and specialised Nordic markets sell-side knowledge, Erik Penser FK provides a range of broker services for institutional clients trading equities on the Stockholm, Copenhagen, Oslo and Helsinki stock exchanges. This agreement enables Erik Penser FK to offer its services, including DMA and Care order handling, across Fidessa’s global FIX connectivity network which provides access to 230 brokers, 1300 buy-side institutions and 83 exchanges worldwide.
Robert Andersson, Head of Electronic Trading at Erik Penser FK, commented: “Our aim is to provide an enriched brokerage service to our institutional clients, combining traditional and electronic brokerage for firms wishing to trade on the regional markets in which we have particular expertise. Fidessa is one of the first gateways we’ve added to our e-broking service and we’re delighted to be able to provide clients across that network with execution capabilities across the Nordic securities markets.”
Erik Penser FK was the first Nordic broker to place its entire trading infrastructure within the new proximity service launched by the OMX Exchange in October 2007 enabling it to offer very low-latency DMA services for the Nordic exchanges.
Simon McDowell, Connectivity Director at Fidessa, added: “We’re delighted that Erik Penser FK has signed up to our global network. The ability to access liquidity in the Nordic markets through a specialist broker will further enhance the services offered by Fidessa to our client base.”
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 Erik Penser Fondkommission AB
Erik Penser Fondkommission AB is an independent, privately owned securities firm offering a range of financial services to both the private and institutional investment community. Services include equity brokerage, equity research, asset management, structured products and corporate finance. Clients include both local and foreign institutional investors.
Licensed by the Swedish Financial Supervisory Authority, Erik Penser FK is a member of the Stockholm, Copenhagen, Oslo and Helsinki stock exchanges and of the Swedish Securities Dealers Association and SwedSec.
Headquartered in Stockholm and with pan-Nordic operations and regional market expertise, the company is ranked by Thomson Financial as a leading firm providing sales trading and execution for Swedish equities.
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:
Simon Barnby
Fidessa
+44 20 7929 9250
simon.barnby@fidessa.com
Evelina Amanatidou
Team 660, Metia for Fidessa
+44 (0)20 3100 3592
evelina@metia.com
|
 |
|
