Brewin Dolphin replaces market data solution with Fidessa’s Market Data Workstation
London, 20th July 2009 - Fidessa group plc (LSE:FDSA), provider of award winning trading, compliance, market data and global connectivity solutions for the buy-side and sell-side, has today announced that Brewin Dolphin, one of the largest independent private client investment managers in the UK, has taken Fidessa's market data workstation to replace its incumbent Thomson Markets service. Fidessa's workstation has been deployed to more than 700 users at Brewin Dolphin.
Used by over 85% of tier-one, global brokers, Fidessa's sell-side OMS provides a resilient and robust solution for trading the world's financial markets. Fidessa can also provide a full range of advanced trading tools fully integrated within the OMS, including analytics, pairs and program trading, as well as its industry leading BlueBox algorithmic engine. Fidessa's powerful trading systems provide clients with comprehensive compliance and reporting capabilities along with robust middle office functionality.
The Fidessa market data workstation provides access to comprehensive market information and news. Users have access to real-time international equity prices, world indices, sectors, derivatives, commodities and foreign exchange rates as well as financial news and market commentaries from Dow Jones. Users of the workstation also receive comprehensive company background and fundamental data along with broker estimates and recommendations.
David McCorkell, Director and Head of Investment Management at Brewin Dolphin Ltd, says: "We have been a client of Fidessa's since 2005, and the strong relationship between the two firms was a key factor in considering its market data workstation. However, it was the depth of the market data, the functionality and the competitive price that were the deciding factors. In addition, users were extremely comfortable with the look and feel of the product which will help ensure a smooth transition onto the service."
Julian Garcia-Santos, Head of Client Marketing for European Hosted Services at Fidessa, says: "Our market data workstation is powerful, comprehensive and affordable. The depth and breadth of coverage, coupled with a range of sophisticated monitoring and analysis tools empower users to make better, faster and more effective decisions. We're seeing increased demand for this solution as users seek a functionally rich and competitively priced market data solution. Its implementation at Brewin Dolphin is testament to its leading position in the UK marketplace."
Fidessa's products serve around 22,000 users across over 630 clients around the world and are used by more than 85 per cent of tier one financial institutions. Fidessa's network provides connectivity to more than 2,200 buy-sides and 360 brokers across 115 markets globally.
About Brewin Dolphin (BD)
The Group manages approximately £16 billion of funds for over 130,000 private clients and of this £9.3 billion is on a discretionary basis. BD has 39 offices throughout the UK and Channel Islands and Brewin Dolphin Investment Banking is corporate adviser to 120 corporate and 100 institutional clients.
Brewin Dolphin Limited ("BD") is the principal operating company of Brewin Dolphin Holdings PLC which is a FTSE 250 company. BD is authorised and regulated by the Financial Services Authority and is a member of the London Stock Exchange.
The Group provides a complete investment management and financial planning service for private investors, charities and pension funds and its Investment Banking division was voted best for Research at the 2008 AIM Awards. Stocktrade is the BD Execution-Only telephone and on-line dealing division.
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