royalblue adds trading to Fidessa Workstation products
London, 14th October 2003 - royalblue, the market leading provider of global equity trading software and market-data systems, has further strengthened its Fidessa Workstation offering today with the launch of a trading module providing a full interface to the London SETS market and broker RSP networks.
The addition of trading facilities marks the culmination of the product's first six months life since launch, during which time a large user base has been establish and a number of enhancements have been made to continue to keep the product well ahead of the rest of the field.
The trading services offered by this latest release of the Fidessa Workstation utilise the same tried, tested and robust infrastructure approved and used by some of the biggest global institutions in the industry. Customers of royalblue's Fidessa trading platform already account for over 70% of activity on the London SETS market.
The SETS trading links provided also make use of the new LSE Vendor Access Network, which allows customers to share a common communications link to the Exchange. This offers considerable cost savings, and royalblue's implementation of this also provides fully redundant and resilient links.
Access to RSP networks includes support for Merrill Lynch, HSBC, Dresdner Kleinwort Wasserstein, Winterfloods, KBC Peel Hunt, Shore Capital, Aitken Campbell, Evolution Beeson Gregory and the LSE RSP Gateway. Access to further systems will be provided shortly.
Simon Barnby, royalblue's Business Development Manager commented, "This is an important step for royalblue as the addition of transactional modules from our enterprise systems to the Workstation product demonstrates the flexibility of the Fidessa platform as a whole. We are now able to mix and match elements across the Fidessa suite to suit the requirements of different clients as well as those for clients with a mixture of needs.
Supporting users of our TraderWorkstation product on the same infrastructure and communications links as our enterprise customers provides them with a level of service-price combination which is totally un-matched by our competitors."
Work is also well underway to extend the trading links and data coverage supported by the Fidessa Workstation to include continental European markets. These are scheduled to become available in the first part of 2004.