NCP Northland Capital Partners is live with Fidessa's Canadian Trading Platform
Toronto, December 13th 2010 - Fidessa group plc (LSE:FDSA) the leading provider of high-performance trading, market data and global connectivity solutions for the buy-side and sell-side, has today announced that NCP Northland Capital Partners (NCP) has gone live with its Canadian trading platform. The platform is deployed as a Software as a Service (SaaS) model on NCP's institutional, proprietary and electronic trading desks, and provides broad global connectivity, high quality trade execution and seamless integration with back and middle-office operations. NCP will also be implementing BlueBox, Fidessa's algorithmic trading engine.
The Fidessa Canadian trading platform has been carefully adapted to meet the specific needs of the local market. In addition to the globally-recognized order and execution management features, users benefit from an integrated market view for Canadian and US data, to enable efficient trading of dually-listed and inter-listed instruments. Real-time position management offers positions in multiple currencies and provides a consolidated view in a single, preferred currency.
In addition, BlueBox offers NCP's traders a suite of widely deployed models, including VWAP, TWAP, Arrival Price, and PoV. NCP will deploy the trading platform with dedicated support and operations resource from Fidessa's experts.
Tony Oram, managing director and head of trading at NCP, said: "NCP is an ambitious firm with a clear vision of the future, and we have bold plans for achieving our goals. We have a number of very experienced traders, many of whom have worked with Fidessa in the past, and so we were confident that it would provide us with the necessary technological foundation to underpin our strategy. For us, it was the completeness of the package that was so attractive: this gives us order and execution workflow with a global FIX connectivity network, which supports all our business flows. The combination will enable us to offer the best possible service to our clients, and will support the development of our business."
Martin Hakker, Fidessa Canada's Managing Director said: "NCP's executives have worked for some of the strongest equity trading brands in the Canadian marketplace. They have used Fidessa's system before and the fact that they have chosen to do so again underscores the quality of the user experience and the value of our underlying technology. Our Canadian trading platform is based on the successful solutions we have implemented in EMEA, Asia-Pacific and the US. We have invested heavily in this edition to ensure that the functionality fits the needs of our clients and encompasses institutional, retail and electronic trading all in one platform. This means one seamless solution for every desk across NCP."PDF (0.05 MB)