SEB Enskilda Equities joins Fidessa's global broker network
London, 4th December 2006 - royalblue (LSE: RYB), supplier of Fidessa®, today announced that SEB Enskilda Equities are now receiving order flow from Fidessa's global connectivity network. Fidessa users are now able to route DMA and care order flow through SEB Enskilda Equities, taking advantage of its dominant position within execution as well as clearing and settlement in the Nordic markets
The agreement enables Fidessa users to execute cash equities and CFDs across 20 European markets including Sweden, Denmark, Norway and Finland as well as Xetra, Euronext, LSE and Virt-X.
Robert Anderson, responsible for DMA at SEB Enskilda Equities says: "We are pleased to strengthen our offering within electronic trading with such a reliable, high performance and well known product as Fidessa. Our partnership with Fidessa also opens up a whole new market of over 9,300 users for us to tap into and offer our local expertise."
SEB joins some 170 financial players on Fidessa's global connectivity network which includes Barclays, Bear Stearns, Cheuvreux, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC, Lehmans, Merrill Lynch, Morgan Stanley and UBS providing execution services for global markets.
Simon McDowell, director of execution services at Fidessa, adds: "We are proud to have such a dominant regional force join the raft of tier one brokers on our connectivity network. This underlines our commitment to add regional specialists with local expertise as well as tier-one brokers with global reach. Our strategy is to provide our users with the greatest possible choice of trading venues which is inline with the forthcoming MiFID regulations on best execution."
Fidessa's global FIX connectivity network provides a fully normalised, robust, broker-neutral solution for clients wishing to route order flow to a variety of sell-side destinations. Typical uses of the network include buy-side to sell-side connectivity and broker-to-broker connectivity to support non-member trading across numerous markets. Access to the Fidessa network is available via the Fidessa trading platform, the Fidessa Workstation Execution Management Service and via direct FIX connections.
The Fidessa product suite provides cross-asset trading, market data and connectivity solutions to over 9,300 users at 260 client sites around the world.