| 
5th March, 2007
FidessaŽ connects to ISE Stock Exchange
New York – 5 March 2007 - royalblue (LSE:RYB), provider of Fidessa, today announced that Fidessa clients are now able to access the ISE Stock Exchange via Fidessa’s global connectivity network. Fidessa joins several other major trading solution providers that are connected to the ISE Stock Exchange.
The ISE Stock Exchange is an all electronic, Regulation NMS compliant trading system. ISE’s equity trading platform integrates a fully-displayed stock market with its innovative MidPoint Match (TM) offering for trading equities anonymously at the midpoint price of the National Best Bid and Offer (NBBO).
Andrew Brenner, head of the ISE Stock Exchange, noted, “We are very pleased that Fidessa has partnered with the ISE Stock Exchange, and we welcome them as one of a growing list of trading solution providers connected to our exchange. Orders routed through Fidessa will not only receive price protection on our exchange but can also receive price improvement through our MidPoint Match product. These features will help Fidessa’s clients to maximize the benefits of Reg NMS.”
“As part of our Reg NMS Market Access package, we are pleased to offer our clients access to the ISE Stock Exchange,” said Martin Hakker, EVP Marketing, Fidessa. “Our partnership with the ISE Stock Exchange is in keeping with our commitment to provide swift and unbiased market access to help our clients achieve the best execution possible.”
Fidessa serves over 10,000 users at 320 institutions worldwide and is used by over 85% of global, tier-one equity brokers. Fidessa’s
About Fidessa group
Fidessa group is a world-leading supplier of multi-asset trading, portfolio analysis, decision support, investment compliance, market data and global connectivity solutions for both the buy-side and sell-side globally. Available as a simple workstation or as an integrated application suite, the Fidessa and Fidessa LatentZero product suites are built on the clear vision of providing the richest functionality, coverage and distribution to the financial markets community.
The Fidessa suite is used by 85% of tier-one, global equity brokers providing sophisticated trading, market data, order management and execution capabilities to all tiers of the sell-side.
The Fidessa LatentZero suite is used by the world’s largest asset management firms through to smaller specialist managers and hedge funds, and provides comprehensive portfolio analysis, real-time P&L, what-if analysis, investment compliance, order and execution management, and post trade processing tools, across all asset classes, to all tiers of the buy-side.
Fidessa’s global network carries over 95 million messages a month covering DMA, Care and Algorithmic orders, Indications of Interest and FIX Allocations between around 1,500 buy-sides and 255 brokers across 92 exchanges worldwide.
Head-quartered in London and with offices in New York, Boston, Tokyo, Hong Kong, Paris, Toronto and San Francisco, Fidessa group serves around 22,000 users across 520 clients globally. Fidessa group was founded in 1981, has revenues of $270m, employs over 1,100 people and has been fully listed (LSE:FDSA) since 1997.
www.fidessa.com
www.latentzero.com
For further information, please contact:
Martin Hakker
Fidessa
(212) 520-3697
martin.hakker@fidessa.com
Marc Weinstein
Spring, O'Brien & Co for Fidessa
(212) 520-7100, ext. 216
marcw@spring-obrien.com
connectivity network provides links to around 1,000 buy-side institutions, over 200 brokers and 82 exchanges globally.
|
 |
|
