Cornhill Asset Management goes live with Fidessa
London - 3rd September 2007 - Fidessa group plc (LSE: FDSA), today announced that Cornhill Asset Management, the specialist IPO and pre-IPO brokerage firm is now live with Fidessa's European Trader Workstation (ETW) in its London office. Already a Fidessa Market Data Workstation customer for real-time UK equity and derivatives market data, Cornhill Asset Management has now extended its partnership to encompass Fidessa ETW for member trading on the London Stock Exchange (LSE) and non-member trading for European stocks.
Fidessa ETW seamlessly links into Cornhill Asset Management's back-office system and provides full internal audit trails for allocations and trades while enabling MiFID compliance. Cornhill Asset Management will use ETW's execution tools and utilise the comprehensive, integrated market data service including time and sales, news, charting, company fundamentals and corporate actions.
Richard Earthrowl, head of trading, at Cornhill Asset Management comments: "We wanted a reliable and scalable trading solution that would enable us to expand the number of markets we trade. We were impressed with Fidessa Workstation's rich functionality and market data capabilities and when it came to selecting our execution tools and extending our connectivity to Europe, ETW was our obvious choice."
Fidessa ETW supports member trading on European exchanges along with non-member trading across global markets through Fidessa's managed, connectivity network of over 230 brokers. Through ETW, brokers are able to capture inbound client order flow over Fidessa's normalised FIX network which already supports Connections to over 1,300 buy-side firms globally.
Simon Barnby, global director of marketing communications at Fidessa, comments: "With its powerful execution tools and comprehensive market data, ETW addresses the needs of the more niche, boutique brokers. We are delighted to extend our partnership with Cornhill Asset Management and provide to it a one-stop solution for all its exchange trading requirements at a competitive price."PDF (0.06 MB)