Fidessa connects to ISE Stock Exchange
New York, 5 March 2007 - royalblue (LSE:RYB), provider of Fidessa, today announced that Fidessa clients are now able to access the ISE Stock Exchange via Fidessa's global connectivity network. Fidessa joins several other major trading solution providers that are connected to the ISE Stock Exchange.
The ISE Stock Exchange is an all electronic, Regulation NMS compliant trading system. ISE's equity trading platform integrates a fully-displayed stock market with its innovative MidPoint Match (TM) offering for trading equities anonymously at the midpoint price of the National Best Bid and Offer (NBBO).
Andrew Brenner, head of the ISE Stock Exchange, noted, "We are very pleased that Fidessa has partnered with the ISE Stock Exchange, and we welcome them as one of a growing list of trading solution providers connected to our exchange. Orders routed through Fidessa will not only receive price protection on our exchange but can also receive price improvement through our MidPoint Match product. These features will help Fidessa's clients to maximize the benefits of Reg NMS."
"As part of our Reg NMS Market Access package, we are pleased to offer our clients access to the ISE Stock Exchange," said Martin Hakker, EVP Marketing, Fidessa. "Our partnership with the ISE Stock Exchange is in keeping with our commitment to provide swift and unbiased market access to help our clients achieve the best execution possible."
Fidessa serves over 10,000 users at 320 institutions worldwide and is used by over 85% of global, tier-one equity brokers.PDF (0.05 MB)