Hoodless Brennan goes live with Fidessa for market data
London, 7 August 2006 - royalblue (LSE:RYB), provider of Fidessa, today announced that Hoodless Brennan Plc, the UK provider of online execution and full traditional stockbroking services, has gone live with Fidessa Workstation positions in its London and Bristol offices. Fidessa will supply 60 positions with UK equities market data.
Hoodless Brennan is using the award-winning Fidessa Workstation to replace all of its current Knowledge Technology Solutions' (KTS) QuoteTerminal positions within its corporate finance and retail divisions.
Nigel Smith, CEO at Hoodless Brennan comments: "Following an evaluation of the different market offerings over a four month period with our users completing trials of competing products from Fidessa, Proquote and Thompson. Hoodless Brennan has decided to migrate to the Fidessa Workstation to take advantage of its sophisticated and flexible functionality, together with its speed of data retrieval and reliability."
Fidessa Workstation provides users with fully integrated real-time coverage for global markets along with news, charts, company fundamentals and reference data, via a sophisticated yet intuitive user interface.
With the Workstation, financial institutions such as Hoodless Brennan can typically reduce their market data costs by up to 50%. The Workstation has a flexible pricing model that 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.
Simon Barnby, global director of marketing communications at Fidessa adds: "We are proud to have Hoodless Brennan joining our growing list of blue-chip customers. Hoodless Brennan users have voted for Fidessa and proved once again that Fidessa Workstation is the product of choice in the City".
The Fidessa product suite provides world leading multi-asset trading, market data and connectivity solutions to over 9,000 users at 260 institutions worldwide and is used by over 85% of global, tier-one equity brokers. Fidessa's connectivity network provides links to over 750 buy-side institutions, 170 brokers and 67 exchanges globally.
About Hoodless Brennan
Hoodless Brennan Plc was established in January 1993, and is based in Docklands, London. They are authorised and regulated by the Financial Services Authority, (Registration No: 155104) and are members of the London Stock Exchange, OFEX and APCIMS.
As well as offering an online execution only service, Hoodless Brennan also offers a full traditional stock broking service, specialising in research, market making, advice and recommendations in the AIM and smaller companies market Additionally, HB Corporate is the Corporate Finance division of Hoodless Brennan plc and a Nominated Advisor on AIM.