Fidessa named Best Front Office Provider at Funds Europe awards

Winner of Funds Europe Front Office of the Year 2010 London, 3rd December 2010 - Fidessa group plc (LSE: FDSA), provider of high-performance trading, market data and global connectivity solutions for the buy-side and sell-side, has been named Best Front Office Provider at the sixth annual Funds Europe Awards. The results of these highly competitive awards, judged by a panel of industry experts, were announced at a ceremony held at The Tower of London on Thursday 2nd December.

Fidessa's LatentZero suite for the buy-side is the only scalable solution available to offer comprehensive functionality for equities, fixed income, listed and OTC derivatives, money markets and FX. Designed to give buy-side traders the same levels of capability and throughput as their counterparts on the sell-side, LatentZero is available as an enterprise or Software as a Service (SaaS) solution. LatentZero comprises three core components: Minerva OEMS, for order and execution management, Sentinel, for pre- and post-trade compliance management, and Tesseract, for portfolio modelling and decision support.

Robin Strong, Director of Buy-Side Market Strategy at Fidessa, said: "We are delighted to have been named Best Front Office Provider, recognising the strength of our LatentZero product suite. It's been another challenging year for the buy-side, with the continued pressure to reduce costs, while also adapting to the ever-changing trading landscape and complying with increasingly stringent regulations. The combination of innovative delivery models and highly sophisticated functionality continues to make Fidessa the technology partner of choice for the buy-side."

This award is the latest in a run of success for Fidessa, which recently won Best Buy-Side Compliance Product for its Sentinel solution at the Buy-Side Technology awards for the third consecutive year. The sell-side trading platform won the Banking Technology Readers' Choice award last month, and was also named Best Sell-Side Trading Platform by the Financial News Awards in October.

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