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Fidessa takes pole position as Best Sell-side OMS
New York, 26 June 2008 – Fidessa group plc (LSE:FDSA), provider of multi-asset trading systems, market data and global connectivity, today announced that it has overtaken SunGard’s BRASS as Best Sell-side Order Management System (OMS) in the 2008 annual Waters magazine readers’ rankings.
More than 600 qualified voters from buy-side and sell-side firms as well as from exchanges and brokerages participate in the rankings. “Fidessa was the clear winner in the category of Best Sell-side Order Management Systems. Readers clearly think of Fidessa as the ‘go-to solution’ for OMSs,” says Phil Albinus, special projects editor for Waters.
The Fidessa sell-side trading platform delivers sophisticated trading, market data and connectivity solutions to the global broker/dealer community. It combines electronic order and execution workflow with a global, FIX connectivity network. Used by over 85% of tier-one, global equity brokers, Fidessa provides a full range of high, low and no touch institutional trading solutions, and can be dynamically scaled to meet the unique needs of customers on a case-by-case basis.
Martin Hakker, EVP marketing at Fidessa, North America, said: “It is an honour to be chosen by the industry for this award, and we would like to say thank you to everyone who has voted. It’s great to be recognized as the number one OMS solution provider.”
Fidessa’s trading platform has been in high demand over the past year with more than 50 new clients signed globally. This has been spurred on by our clients’ drive to expand their trading capabilities into new markets, new regions and across new asset classes whilst improving their compliance monitoring and offering increasingly comprehensive services to their clients. Many existing clients have extended the services they take from Fidessa as the trading capabilities within the OMS evolve.
Phil Slavin, head of European product strategy at Fidessa, adds: “Fidessa is committed to working closely with its clients to develop solutions that meet their specific needs in today’s challenging markets. This approach will continue to be the primary driver behind Fidessa’s innovation, enabling us to retain our position as the leading provider of trading solutions to both the sell-side and buy-side communities across the world.”
The Waters ranking is the latest accolade for Fidessa. Having won eight industry awards in 2007, the company’s achievements continue to be recognized in 2008 with two awards already under its belt this year. Fidessa also won in TradeTech’s Best European Sell-side OMS award category and Chris Aspinwall was voted the Highest Rated CEO at the annual Systems in the City 2008 awards ceremony in the City of London.
About Waters Magazine
Each month, Waters reports and analyzes the business reasons for and practical implementation of financial technology in the capital markets and securities industry. Since its launch in 1993, securities industry professionals worldwide have relied on the magazine for its focused, in-depth coverage surrounding the confluence of business and technology in market data, trading & risk technology and infrastructure as well as the human issues of talent management, staff retention and compensation within the financial services community.
With more than 10,100 subscribers around the world, Waters’ readers enjoy the insights of CIOs and CTOs from the global markets. The magazine also releases the electronic newsletter WatersNews each Tuesday to more than 14,000 industry professionals and it sponsors conferences in New York, London, and Singapore plus briefings, and training courses in many of the world’s financial centers. For more information, visit www.watersonline.com.
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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