Fidessa Expands Team for Derivatives Push

London, 18th October 2004 - royalblue today announced the appointment of Stephen Grob to its senior management team. Grob will lead the push into the derivatives markets in direct response to growing customer demand to extend the Fidessa product suite across other asset classes.

Stephen Grob was a founder and chief executive of Future Dynamics and has a wealth of experience in developing technology to support trading in the derivatives market. During his time there, he pioneered order-flow solutions providing front to back-office connectivity for firms trading both exchange-based and OTC markets.

Fidessa currently provides trading systems, market data and global connectivity solutions to participants in the cash equity markets worldwide. This appointment is a key part of fulfilling plans to extend Fidessa's cash equities functionality into the derivative space.

Commenting on the appointment Chris Aspinwall, CEO of royalblue says: "This appointment underlines our commitment to extend Fidessa into new business areas. We are seeing a strong requirement for a high quality product that can support both the cash and derivatives markets. I am sure that Steve's track record of delivering quality derivatives trading software coupled with the strength of the market leading Fidessa platform will enable us to deliver a product that exceeds market expectations."

Grob adds: "This is a very exciting opportunity that enables me to leverage Fidessa's established presence in equities and its proven track record of delivering world class, scalable technology."