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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 the leading supplier of multi-asset trading, portfolio analysis, decision support, compliance, market data and connectivity solutions for firms involved in trading the world’s financial markets. Fidessa’s products and services are built on the simple vision of making it easier to buy, sell and own financial assets of all types on a global basis.
Pedigree
A dynamic, growing company with a proven track record, Fidessa is recognised as the thought leader in the marketplace, with an unrivalled set of products and services which set the benchmark for this industry and, uniquely, serve both the buy-side and sell-side communities globally.
Experience
With over 28 years’ experience delivering powerful, resilient, mission-critical systems, Fidessa develops all its products itself from the ground up, investing heavily in their continual evolution. The resulting leading-edge, truly integrated solutions have established Fidessa as the industry’s number one choice, and are used by over 85% of tier-one, global financial institutions.
Scale
Headquartered in London and with regional operations across Europe, North America, Asia, and the Middle East, Fidessa supports 25,000 users across 850 clients, serving a broad spectrum of customers from major investment banks and asset managers through to specialist niche brokers and hedge funds.
Established
Fidessa group is listed on the London Stock Exchange (symbol FDSA) and is a FTSE 250 company. Fidessa has a turnover of around £240m, has delivered 30% compound growth since its 1997 listing and now employs 1,500 people globally.
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