Fidessa Adds Nordic Market Order Routing
London, 15th November 2004 - royalblue today announced its agreement with Fischer Partners, one of the leading equity brokers for Scandinavian markets, to add its non-member trading facilities to Fidessa's global connectivity network.
Under the terms of the agreement, Fischer Partners joins Fidessa's multi-broker order routing network which already offers connectivity to a number of major brokers, including Credit Agricole Cheuvreux, Refco (Paris), Carax, and Calyon Securities (US), covering numerous European and US markets.
Fischer Partners provide local expertise and trading access for all the Nordic markets. Direct Market Access (DMA) is available, allowing users to trade those exchanges directly under the Fischer Partners membership, as well as Care order-flow, which allows users to route orders to Fischer Partners be worked on the markets for them.
Fidessa's connectivity network provides a fully-normalised, broker-neutral solution for clients wishing to route order flow to a variety of sell-side destinations. Typical uses of the solution include buy-side to sell-side connectivity and broker-to-broker connectivity to support non-member trading across numerous markets.
Commenting on the agreement, Lars Jerlin, head of equities for Fischer Partners, says: "Fidessa provides a valuable community of users to whom we can provide our market-leading Nordic exchange trading services. We view this as the start of a long term and successful collaboration for Fidessa, Fischer Partners and end-users alike."
Simon Barnby, business development manager for Fidessa, adds: "We are very pleased to add coverage of these markets through Fischer Partners. Scandinavian market access is in high demand and this relationship delivers on our strategy to add key regional expertise for our users."
Access to the Fidessa order routing network is available from the Fidessa Trading Platform and Fidessa Workstation platforms, or through direct FIX network connectivity. The Fidessa suite of products provides a fully-integrated trading and market-data solution for its clients, and these currently service over 6,000 users globally.