Fidessa Expands Canadian Markets Access with Canaccord Capital
Toronto, 18 February 2009 - Fidessa group plc (LSE:FDSA) provider of trading systems, market data and global connectivity, today announced that Canaccord Capital Inc (Canaccord) is the latest Canadian broker to join the Fidessa global connectivity network.
Canaccord is a leading global institutional broker and the largest independent broker in Canada, providing a full-suite of investment banking and capital markets services to firms for more than 20 years. This agreement allows firms on Fidessa's global network to electronically execute direct market access (DMA) and care order services through Canaccord.
"The Canadian markets are currently undergoing a significant transformation," said Andrew Jappy, EVP and CIO at Canaccord Capital. "With several new trading venues coming into this market and global investor interest at a near all-time high, we are excited to be able to provide Canaccord's leading institutional trading services to the vast number of firms on Fidessa's global network."
Martin Hakker, EVP marketing at Fidessa, adds: "Trading in the Canadian markets continues to become a very important component to our customers' global strategies. The addition of Canaccord Capital to our global network reaffirms Fidessa's commitment to work diligently to provide our clients, not only with the broadest access to global markets, but also the broadest range of local brokers in each region."
The Fidessa network facilitates buy-side to sell-side and broker-to-broker connectivity, supporting non-member trading across numerous markets. Access to the network is available via the Fidessa trading platform and the Fidessa LatentZero EMS Workstation and Capstone suite, as well as via direct FIX connection. The Fidessa network provides connectivity to around 2,200 buy-side institutions, 360 brokers and 115 markets globally.
About Canaccord Capital Inc
Through its principal subsidiaries, Canaccord Capital Inc. (TSX & AIM: CCI) is a leading independent, full-service investment dealer in Canada with capital markets operations in the United Kingdom and the United States. Canaccord is publicly traded on both the Toronto Stock Exchange and AIM, a market operated by the London Stock Exchange. Canaccord has operations in two of the principal segments of the securities industry: capital markets and private client services. Together, these operations offer a wide range of complementary investment products, brokerage services and investment banking services to Canaccord's private, institutional and corporate clients. Canaccord has 30 offices, including 23 Private Client Services offices located across Canada. Canaccord Adams, the international capital markets division, has operations in Toronto, London, Boston, Vancouver, New York, Calgary, Montreal, San Francisco, Houston, and Barbados.PDF (0.06 MB)