Fidessa launches European Trader Workstation

London, 25 September 2006 - royalblue (LSE:RYB) today announced the launch of the Fidessa European Trader Workstation (ETW). Designed for small and mid-tier broker/dealers across Europe, ETW provides member and non-member trading services, seamless electronic order handling, powerful order management functionality and sophisticated pre and post-trade analysis tools.

Building on Fidessa's established pedigree, the first release of ETW supports member trading on the London Stock Exchange (LSE) and Euronext along with non-member trading across global markets through Fidessa's managed remote broking network of over 170 brokers. In addition, ETW enables brokers to capture inbound client order flow over Fidessa's normalized FIX network which already supports connections to over 750 buy-side firms globally.

For UK brokers, ETW supports connectivity to 20 Retail Service Provider (RSP) systems offering often improved market prices for retail order flow. Along with powerful execution tools, ETW delivers comprehensive, integrated market data including time & sales, news, charting, company fundamentals and corporate actions.

Simon Barnby, global director of marketing communications at Fidessa comments: "With the huge uptake of electronic trading around the globe, a challenge for smaller and mid-tier brokers is how to keep up with technological advancements and maintain their market share. Our European Trader Workstation addresses these exact needs and provides them with a fully managed and hosted trading solution. Fidessa ETW is a one-stop solution for brokers' exchange trading needs."

With over 85% of the world's tier-one equity brokers as customers, Fidessa has long been established as the global benchmark for tier-one, sell-side order management and trading systems. ETW inherits this proven, class-leading functionality, including client order capture, order management across multiple desks and locations, onward order routing and performance analysis. Fidessa ETW provides advanced client order handling features, best execution facilities and a full internal audit trail. ETW also delivers on Fidessa's strategy to support its clients in meeting their conduct of business obligations under the forthcoming Markets in Financial Instruments Directive (MiFID).

Fidessa's market data, trading and connectivity solutions are used by over 9,000 users at around 260 clients around the world. Fidessa's managed FIX connectivity network routes orders, trades, IOIs, trade adverts and allocations amongst over 170 brokers, 68 exchanges and 750 buy-sides globally.