Fidessa Workstation extends member trading capabilities for the sell-side
London, DWT, 17 May 2006 - royalblue (LSE:RYB) today announced the enhancement of its Fidessa Workstation's member trading services to provide sophisticated order management, inbound FIX support and further exchange trading capabilities for the smaller broker/dealer.
With this release, the Fidessa Workstation extends member trading capabilities beyond the London Stock Exchange (LSE), and now enables users to trade as members on many other exchanges, such as Dublin, Euronext and Frankfurt. Fidessa also offers access to other trading destinations such as the Retail Service Provider (RSP) community, thus providing a broad view of all available liquidity and empowering users with the tools and coverage they need to achieve best execution.
Fidessa has long been established as the global benchmark for tier-one, sell-side order management systems. Fidessa's continued investment in its Workstation product means it now offers proven, class-leading functionality, including internal and external client order capture, order management across multiple desks and locations, onward internal and external order routing, full internal audit trail and integration with in-house or third party systems, such as back-office systems, for realising true straight-through-processing. These enhancements also deliver on Fidessa's strategy to support its clients in meeting the requirements of the forthcoming Markets in Financial Instruments Directive (MIFID).
Simon Barnby, global director of marketing communications at Fidessa comments: "At Fidessa, we work closely with our clients and are actively involved in market and regulatory developments. These activities allow us to constantly invest in and develop our trading platform in response to evolving needs. With this new release we extend our award-winning Workstation to offer enhanced order management and trading functionality along with integrated international market data and connectivity to Fidessa's global network of exchanges and buy-sides, making it an ideal choice for the smaller sell-side firms. What's more, clients also have the comfort of a clear upgrade path to our high-end solutions allowing Fidessa to grow with their expanding businesses."
Fidessa's market data, trading and connectivity solutions are used by over 8,500 users at around 200 clients around the world. Fidessa's managed FIX connectivity network routes Orders, Trades, IOIs, Trade Adverts and Allocations amongst over 140 brokers, 67 exchanges and 600 buy-sides globally.