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Thames River goes live with Fidessa® for derivatives trading
London – 12th March 2007 – royalblue (LSE:RYB) today announced that Thames River Capital LLP, the asset management firm, has successfully gone live with the Fidessa Workstation Execution Management Service (EMS) for derivatives trading. Through Fidessa EMS, Thames River can now route index futures and options order flow from its London office to its preferred futures and options brokers.
Thames River has been using Fidessa EMS since June 2006 to execute cash equities with a number of receiving brokers on Fidessa’s global connectivity network. Thames River is now able to execute equities, futures and options instruments side by side and smart-route its orders to a variety of brokers according to asset class. It all takes place on a single screen that can intelligently sense which asset class a user is viewing and adapt the data display accordingly.
Available as a fully hosted ASP solution, Fidessa 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.
Simon Barnby, global director of marketing communications, Fidessa adds: "As many buy-sides move into the multi-asset space and their requirements become more complex, we are proud to supply Thames River with a sophisticated, integrated platform that automatically adapts to all assets it wishes to trade. With built-in market data and a proven record for delivering class-leading performance, reliability and support, Fidessa EMS has established itself as the new benchmark for multi-asset execution management services.”
Fidessa EMS uses Fidessa’s own global connectivity network to provide links to executing brokers. The Fidessa network provides a fully normalised, robust, broker-neutral, FIX based solution for clients wishing to route order for both equity and derivatives flow to a variety of sell-side destinations. Other typical uses of the network include direct buy-side to sell-side connectivity and broker-to-broker connectivity to support non-member trading across numerous markets. Access to the Fidessa order routing network is available via the Fidessa trading platform, Fidessa EMS or via direct FIX connection.
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 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 over 24,000 users across 730 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 £200m, has delivered 30% compound growth since its 1997 listing and now employs 1,400 people globally.
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