Fidessa Prospector lands another award

Named Best New Product at Fund Technology & WSL Awards

15th February 2017 - Fidessa group plc (LSE: FDSA) today announced that Prospector, its automated liquidity generating module, has been voted Best New Product in the annual Fund Technology & WSL (Wall Street Letter) Awards. These awards recognise and reward providers serving asset managers and institutional traders that have demonstrated new, highly innovative product development over the past 12 months. This is the third industry award win for Prospector since its launch last March.

As market complexity continues to intensify, and the volume of data and its variety of sources continue to rise, a dashboard approach becomes essential to understanding trading workflow and ensuring it is always tuned for optimum results.

Prospector does this by finding trading and crossing opportunities that would otherwise be missed. It monitors live and historical client trading activity, watch lists, shareholdings and other trader defined data sources. It then presents the trader with an optimum list of opportunities that can be fulfilled via telephone or digital outreach. This means that users can identify and, crucially, act upon trading opportunities for their clients, which helps achieve the best possible execution outcomes whilst also helping mitigate unnecessary exchange fees.

Prospector was launched last year as part of Fidessa's Optimized Trading initiative. This strategy is focused on the next generation of sales traders and allowing them to deliver value added services in a highly efficient manner. All these tools are fully integrated within Fidessa's order management system.

James Blackburn, Global Head of Equities Product Marketing for Fidessa, commented: "In today’s complex trading environment, sales traders need to be able to find liquidity in an efficient and timely manner, particularly when handling large client orders. This means bringing together the right information, and making it available in the right way, so that traders can act fast to deliver the very best execution service to their clients. Prospector provides them with an innovative means of uncovering trading and crossing opportunities, right on their desktop. We are delighted to receive another award, as it underlines the value that market participants see in Prospector, in particular the clear and powerful competitive differentiation it delivers."

The award was presented at a gala dinner at 583 Park Avenue in New York last night.

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