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12th March, 2007
Thames River goes live with FidessaŽ for derivatives trading
London – 12th March 2007 – royalblue (LSE:RYB) today announced that Thames River Capital LLP, the asset management firm, has successfully gone live with the Fidessa Workstation Execution Management Service (EMS) for derivatives trading. Through Fidessa EMS, Thames River can now route index futures and options order flow from its London office to its preferred futures and options brokers.
Thames River has been using Fidessa EMS since June 2006 to execute cash equities with a number of receiving brokers on Fidessa’s global connectivity network. Thames River is now able to execute equities, futures and options instruments side by side and smart-route its orders to a variety of brokers according to asset class. It all takes place on a single screen that can intelligently sense which asset class a user is viewing and adapt the data display accordingly.
Available as a fully hosted ASP solution, Fidessa EMS provides a global, broker-neutral order management and execution solution targeted at buy-side trading desks. With fully integrated real-time market prices, news and fundamental data, traders can smart-route orders to a variety of DMA, algorithmic and care order services globally.
Simon Barnby, global director of marketing communications, Fidessa adds: "As many buy-sides move into the multi-asset space and their requirements become more complex, we are proud to supply Thames River with a sophisticated, integrated platform that automatically adapts to all assets it wishes to trade. With built-in market data and a proven record for delivering class-leading performance, reliability and support, Fidessa EMS has established itself as the new benchmark for multi-asset execution management services.”
Fidessa EMS uses Fidessa’s own global connectivity network to provide links to executing brokers. The Fidessa network provides a fully normalised, robust, broker-neutral, FIX based solution for clients wishing to route order for both equity and derivatives flow to a variety of sell-side destinations. Other typical uses of the network include direct buy-side to sell-side connectivity and broker-to-broker connectivity to support non-member trading across numerous markets. Access to the Fidessa order routing network is available via the Fidessa trading platform, Fidessa EMS or via direct FIX connection.
The Fidessa product suite provides integrated multi-asset trading, market data and connectivity solutions to over 10,000 users at around 320 clients around the world, and serves over 85% of global, tier-one equity brokers. The Fidessa network provides connectivity to around 1,000 buy-side institutions, 200 brokers and 82 exchanges globally.
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
connectivity network provides links to around 1,000 buy-side institutions, over 200 brokers and 82 exchanges globally.
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