Charles Stanley goes live with Fidessa Workstation
DWT, London, 11th May, 2005 - royalblue (LSE:RYB), provider of Fidessa, today announced that Charles Stanley, the UK based stock broking and wealth management group, has gone live with 103 Fidessa Workstation screens for market data access to the UK equities market.
Charles Stanley, which is one of the largest stock broking companies in the UK specialising in the private investment sector, is using Fidessa to provide fully integrated real-time market data, research, historical charts and fundamental data.
Fidessa replaced Thomson Financial's TOPIC product at Charles Stanley and now serves their London headquarters and 13 of the UK regional offices.
Mike Pitts, IT Director, at Charles Stanley, comments: "Valuing our user's views, we decided to let them select the product of their choice. We offered our users presentations and trials from competing products: Fidessa, Proquote and KTS. People chose the Fidessa Workstation for its rich functionality, the state-of-the-art front end display and its competitive pricing."
In May 2004, royalblue launched a flexible pricing model which proved very popular in the market as it enables companies to pay just for the data they use from the source of their choice rather than incur a flat fee for a raft of feeds they may not require. With Fidessa, market data is treated as a commodity; hence financial institutions, such as Charles Stanley, can typically reduce their market data costs by up to 50%.
Simon Barnby, business development manager for Fidessa, says: "Charles Stanley is another landmark win for us. We are thrilled to be working with them and we are looking forward to expanding our relationship further." The Fidessa product suite provides integrated trading, market data and connectivity solutions to around 7,500 users at over 150 institutions around the globe. Fidessa Workstation was recently awarded 'Best Information Display Service' at the Systems in the City Awards (2005).