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12th February, 2007
Goldman Sachs selects
Fidessa® as additional source for listed derivatives
London – 12th February 2007 –
royalblue (LSE:RYB), provider
of Fidessa, today announced that Goldman Sachs,
a leading global investment bank, has selected
Fidessa as an additional distribution platform
for buy-side listed derivatives flow. Fidessa’s
global connectivity network provides a highly
resilient solution for routing buy-side order
flow to broker destinations. Through Fidessa’s
network, users will now have the capability to
route listed derivatives, cash equities and algorithmic
orders, across 60 exchanges and 23 countries,
to Goldman Sachs.
Brad Hunt, Managing Director, from Goldman Sachs
comments: “We are pleased to offer our clients
a sophisticated trading solution, by using Fidessa’s
global connectivity network to access listed derivatives
and cash equities liquidity. As we recognise the
value in a broker neutral platform, we look forward
to further developing our existing relationship
with Fidessa.”
Steve Grob, director of derivatives at Fidessa
adds: “This deal is further evidence of
the convergence of asset classes in the brokerage
world. We have worked hard to reflect the competitive
offerings of each broker both on our network and
within Fidessa’s buy-side execution management
workstation. We’re pleased to be adding
support for derivatives flow to such a blue-chip
organisation as Goldman Sachs."
Fidessa’s network provides connectivity
for over 170 brokers to over 750 buy-sides worldwide,
both through direct FIX links and via Fidessa’s
own execution management front end. Fidessa’s
execution management workstation offers buy-side
trading desks a multi-asset order management and
execution solution with fully integrated real-time
market prices, news and fundamental data which
allows traders to smart-route orders to a variety
of DMA, algorithmic and care order services globally.
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About Goldman Sachs
Goldman Sachs is a leading global investment banking,
securities and investment management firm that
provides a wide range of services worldwide to
a substantial and diversified client base that
includes corporations, financial institutions,
governments and high net worth individuals. Founded
in 1869, it is one of the oldest and largest investment
banking firms. The firm is headquartered in New
York and maintains offices in London, Frankfurt,
Tokyo, Hong Kong and other major financial centres
around the world.
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:
Simon Barnby
Fidessa
+44 20 7929 9250
simon.barnby@fidessa.com
Evelina Amanatidou
Team 660, Metia for Fidessa
+44 (0)20 3100 3592
evelina@metia.com
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