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Fidessa Expands Team for Derivatives Push
London, 18th October 2004 - royalblue today announced the appointment of Stephen Grob to its senior management team. Grob will lead the push into the derivatives markets in direct response to growing customer demand to extend the Fidessa product suite across other asset classes.
Stephen Grob was a founder and chief executive of Future Dynamics and has a wealth of experience in developing technology to support trading in the derivatives market. During his time there, he pioneered order-flow solutions providing front to back-office connectivity for firms trading both exchange-based and OTC markets.
Fidessa currently provides trading systems, market data and global connectivity solutions to participants in the cash equity markets worldwide. This appointment is a key part of fulfilling plans to extend Fidessa’s cash equities functionality into the derivative space.
Commenting on the appointment Chris Aspinwall, CEO of royalblue says: “This appointment underlines our commitment to extend Fidessa into new business areas. We are seeing a strong requirement for a high quality product that can support both the cash and derivatives markets. I am sure that Steve’s track record of delivering quality derivatives trading software coupled with the strength of the market leading Fidessa platform will enable us to deliver a product that exceeds market expectations.”
Grob adds: “This is a very exciting opportunity that enables me to leverage Fidessa’s established presence in equities and its proven track record of delivering world class, scalable technology.”
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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