Leading Russian broker OTKRITIE signs on to Fidessa’s global network
London, 175th June 2008 - Fidessa group plc (LSE: FDSA), provider of the Fidessa and Fidessa LatentZero trading, market data and global connectivity solutions, has today announced that leading Russian investment bank OTKRITIE Financial Corporation has joined its global connectivity network.
Moscow-based OTKRITIE, ranked among the top five brokers in the Russian equity market by trading volume, now offers its Direct Market Access (DMA) and Execution Desk Access (EDA) services across Fidessa's global network which provides access to over 255 brokers, 1500 buy-side institutions and 92 exchanges globally.
Roman Lokhov, Managing Director of OTKRITIE, comments: "We are very excited to be partnering with Fidessa to provide our electronic trading services across one of the most extensive global networks available. Our aim is to provide enriched brokerage services to our institutional clients combining technology-neutral DMA and EDA solutions across international markets. Joining Fidessa's extensive network enables us to offer our execution capabilities coupled with very strong expertise across the Russian markets to both buy-side and sell-side firms on that network."
Simon McDowell, Director of Global Connectivity Solutions at Fidessa, adds: "With increasing fragmentation of liquidity we're seeing a high demand for secure, low-latency access to execution venues across Europe and globally. We continue to invest heavily in developing our global connectivity network and are delighted to welcome OTKRITIE. Their Russian market expertise will be a great addition to the range of services we offer our clients."
In the last year alone, Fidessa's global connectivity network has increased the number of connections by 50% while message throughput has grown by over 200% to over 100 million messages a month.
The Fidessa product suite provides integrated trading, market data and connectivity solutions to over 22,000 users at around 520 clients worldwide, and serves over 85% of global, tier-one equity brokers.
About OTKRITIE Financial Corporation
OTKRITIE Financial Corporation is one of the leading investment banks in Russia. OTKRITIE provides brokerage, asset management, investment banking and private equity services for Russian and international, institutional and individual clients.
OTKRITIE ranks currently among the top five brokers on the Russian equity market by trading volume. It provides securities underwriting and brokerage services, as well as executing securities and derivatives trading services on the largest Russian and international exchanges.
OTKRITIE is recognized as an industry leader in promoting electronic trading. The Company has a unique approach that combines pre-trade, order management, trade execution, and post-trade tools to provide continuous improvements in trading and cost efficiency. Our electronic trading platform enables clients to design, test, optimize, monitor and automate their own custom equities, options, futures and forex trading strategies.
Headquartered in Moscow, OTKRITIE was founded in 1995 and employs more than 650 people with additional offices in London, Frankfurt, and Limassol. Global Electronic Trading Services are offered by OTKRITIE's British subsidiary OTKRITIE Securities Ltd (www.otkritie.com) headquartered on London.PDF (0.07 MB)