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Knight Equity goes live with Fidessa
London, 22nd March 2005 - royalblue today announced that Knight Equity Markets International Ltd. (KEMIL), a UK registered broker-dealer and a subsidiary of trade execution specialist Knight Trading Group Inc., has gone live with a hosted Fidessa platform for member trading and non-member direct market access (DMA) on European markets.
Fidessa replaces SunGard BRASS system at KEMIL, and serves its London dealing room of 37 users.
KEMIL is using the latest release of the Fidessa trading platform, version 4.2 that supports fully integrated market-data, news, fundamentals and charts. The system is also linked to KEMIL’s GFTPS back office system.
Through Fidessa’s global connectivity network, KEMIL has member trading access to major European Exchanges and non-member DMA trading through Credit Agricole Cheuvreux on other European markets. Fidessa also handles incoming electronic order flow from institutional as well as retail clients, and allows KEMIL to offer its own DMA trading facility on London to its non-member clients.
Simon Barnby, business development manager for Fidessa, adds: “We are excited about the implementation at KEMIL which allows us to demonstrate Fidessa’s ability to provide a financial institution and its customers with increased electronic connectivity and trading. Fidessa’s hosted trading platform offers connectivity to over 80 brokers, 130 buy-side firms and 20 exchanges.”
The Fidessa product suite provides integrated trading, market data and connectivity solutions to around 7,000 users at over 150 institutions around the globe.
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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