Winterflood selects Fidessa Workstation as primary provider for market data
London, 20th June 2005 - royalblue (LSE:RYB), provider of Fidessa, today announced that Winterflood Securities, an established UK market maker, has selected the Fidessa Workstation as a primary provider of market data. Fidessa Workstation will now supply data to the vast majority of UK equity trading users within Winterflood.
Winterflood, part of Close Brothers Group Plc (LDR:CBG), an independent banking group, replaced 14 market data positions with Fidessa Workstation earlier this year and is now rolling out a further 59 positions. Fidessa Workstation is supplying Winterflood users with fully integrated real-time market data, research, historical charts and fundamental data.
Philip Yarrow, director of electronic trading at Winterflood, comments: "We decided to migrate to Fidessa Workstation for its reliability, depth of content and state of the art front-end technology." Fidessa Workstation boasts direct feeds from key exchanges to ensure timely, accurate and reliable information. The Fidessa strategy to own and operate its service from end-to-end, along with the Ticker Plant technology and display application employed, enables Fidessa to provide the low latency and quality of service required by the most demanding of users.
"Fidessa Workstation's transparent pricing model seamlessly marries the users' needs with that of the business," adds Yarrow. Fidessa's flexible commercial model enables companies to just pay for the coverage and functionality their users need. As a result financial institutions can typically reduce market data costs by up to 50%.
Simon Barnby, head of strategy for Fidessa Workstation, says: "We are delighted to be extending our partnership with Winterflood. Yet another firm, when given the choice, chose Fidessa, thus endorsing our belief that Fidessa Workstation is the premiere product for fully managed market-data services."
With 20 years of experience in providing market-data and trading platform technology, the Fidessa product suite supports 85% of tier-one equity brokers globally, and services some 7,500 users at over 150 institutions by providing integrated trading, market data and connectivity solutions.