Fidessa delivers enhanced, pre-trade analytics for its US basket execution and management solution
New York, 29th September 2008 - Fidessa group plc (LSE:FDSA) the leading provider of trading systems, market data and global connectivity, today announced that fully-integrated transaction cost analysis enhancements for pre-trade analytics have been rolled out in its basket execution and management (BEAM) solution in the US. Available immediately, the enhancements are seamlessly integrated within Fidessa's US trading platform and include SOS™, an indicator for difficult-to-trade-stocks within a basket, market impact estimators and algorithmic suitability calculations.
Paramount to the efficient handling of large numbers of orders, these enhancements provide traders with powerful pre-trade analytics for the optimal trading of large lists and baskets of stocks while allowing them to identify high-risk orders.
- SOS™ - a numerical ranking of trading difficulty derived from advanced trade pattern analysis
- Market Impact - estimated cost of trading across different time horizons
- Algorithmic Suitability - indication of the likelihood of slippage from a benchmark
- Estimated Time to Completion - estimated time to trade to completion corresponding to varying percentages of market participation
Matthew Rowley, SVP global product manager for advanced trading at Fidessa Corporation comments, "We are excited to add these pre-trade analytic enhancements to Fidessa's BEAM solution. Our experienced quantitative team has developed these analytics using advanced statistical inference, leveraging data from our extensive BlueBox algorithmic post-trade database."
BEAM hosts Fidessa's program trading functionality, supporting basket management, monitoring and execution, and is fully integrated within Fidessa's trading platform. Fidessa provides sell-side brokers with order management and routing capabilities coupled with multi-currency global trading, position keeping, settlement, TCA and reporting facilities to automate business flows across the front, middle and back office. BlueBox is Fidessa's fully-integrated, scalable Algorithmic Management System that is fully integrated within the Fidessa trading platform.PDF (0.07 MB)