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15th January, 2007
Cornhill Asset Management
goes live with FidessaŽ for equity and derivatives
data
London – 15th January 2006 - royalblue
(LSE:RYB), provider of Fidessa, today announced
that Cornhill Asset Management, the specialist
IPO & pre-IPO brokerage firm has gone live
with Fidessa Workstation in its London office.
Fidessa will supply Cornhill users with real-time
UK equity and derivatives market data.
Cornhill Asset Management has replaced all of
its current Knowledge Technology Solutions' (KTS)
QuoteTerminal positions within its brokerage division
with the award-winning Fidessa Workstation.
Graham O’Loughlin, equity sales trader
at Cornhill Asset Management comments: "We
were keen to find a reliable, resilient platform
for our real-time market data needs and wanted
a supplier with a proven track record and class-leading
support. We chose to migrate to Fidessa Workstation
as it met all our requirements: it provides rich
functionality, state-of-the-art front end displays
and a highly competitive pricing model.”
Fidessa Workstation empowers users with fully
integrated real-time coverage for equities and
derivatives data along with news, charts, company
fundamentals and reference data, via a sophisticated
yet intuitive user interface.
Fidessa operates a flexible pricing model that
enables clients such as Cornhill Asset Management
to pay just for the data they use from the source
of their choice rather than incurring a flat fee
for a raft of data they may not require. With
this pricing model, clients of Fidessa Workstation
can typically reduce their market data costs by
up to 50%.
Simon Barnby, global director of marketing communications
at Fidessa, adds: “In the crowded, cut-throat
world of market data provision to the UK, we are
proud to see yet another company such as Cornhill
Asset Management moving to Fidessa. We know we
have the best offering in this space and are pleased
to have this confirmed once again.”
Fidessa serves over 9,300 users at 260 institutions
worldwide and is used by over 85% of global, tier-one
equity brokers. Fidessa’s connectivity network
provides links to over 750 buy-side institutions,
170 brokers and 68 exchanges globally.
About Cornhill Asset Management
Cornhill Asset Management is a specialist broker
which focuses on bringing quality issues to institutions
and the experienced investor.
Clients are offered unique access to private
equity, initial public offerings and funds which
have the potential to make our investors multiples
of their initial investments.
In order to ensure our clients have the best
possible chance of success, we utilise a strict
screening process. By examining the quality of
the management, the valuation of the company and
the potential for future growth, we select companies
which we believe could be the top performers of
2007.
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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