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16th June, 2008
Fidessa unveils its Intelligent Liquidity Access strategy for
the US
New York, 16 June, 2008 - Fidessa group plc (LSE:FDSA), provider of trading systems, market
data and global connectivity today announced its Intelligent Liquidity Access strategy for
the US. This strategy is aimed at both buy-side and sell-side participants, providing them
with a full suite of intelligent trading tools including Fidessa’s Direct Liquidity Access
and Direct Strategy Access solutions.
Direct Liquidity Access (DLA)
Fidessa’s DLA offering allows brokers to provide a fully-hosted, sponsored liquidity access
solution to their buy-side and sell-side clients enabling them to meet the challenges of
an increasingly fragmented market place. DLA facilitates low-latency trading across a broad
range of venues by providing direct access to ECNs, ATSs and Dark Pools as well as to the
more established exchanges. Brokers using DLA will be able to benefit from a fully
integrated compliance and client risk management platform which allows them to monitor and
manage real-time risk at a user, client, exchange, position or cost level.
| DLA Highlights: |
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Ultra low-latency market access to all major US venues |
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Dark pool and third-party algorithm access |
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Real-time risk management |
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Real-time consideration controls and oversight |
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Pre & post trade compliance and reporting |
Direct Strategy Access (DSA)
The Fidessa DSA offering allows brokers using its BlueBox algorithmic trading engine to open up
their own bespoke trading algorithms to their buy-side and sell-side clients, enabling them to
control and trade through these algorithms directly themselves. Access to these algorithms can
be provided not only through Fidessa’s buy-side and sell-side products, but also through a wide range
of third-party solutions. Brokers can control the algorithms and parameters exposed to their
customers as well as monitor risk management and performance in real-time.
| DSA Highlights: |
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Easy deployment of algorithms to Fidessa,
Fidessa LatentZero or third-party applications |
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Broker controlled algorithms and parameter
definitions for customer view |
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Risk management and performance monitoring tools |
Martin Hakker, EVP Marketing at Fidessa, comments: “With the addition of these new services, we are
now offering the most complete set of intelligent trading tools to the marketplace. Along with
Fidessa BlueBox, DLA and DSA are fully integrated into the Fidessa trading platform and allow us to
act as a one-stop-shop satisfying all our clients’ high-, low- and no-touch trading requirements.
Leveraging Fidessa’s high performance trading architecture, these services provide brokers with
a proven, reliable and cost effective solution that enables them to offer sophisticated trading
services to their own clients without the need to develop the technology themselves.”
Fidessa supports over 22,00 users at around 520 clients around the world, is used by 9 out of the 10
of the world’s largest asset managers and serves over 85% of global, tier-one equity brokers.
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 products 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 multi-asset 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 130 million messages a month covering DMA, Care and Algorithmic orders, Indications of Interest and FIX Allocations between over 1,800 buy-sides and 310 brokers across 100 markets worldwide.
Head-quartered in London and with offices in New York, Boston, Tokyo, Hong Kong, Paris, Toronto and San Francisco, Fidessa group serves 22,000 users across 600 clients globally. Fidessa group was founded in 1981, has revenues of around US$350m, employs over 1,200 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
Fidessa® is a registered trademark of Fidessa Group plc.
All product and company names herein may be trademarks of their registered owners.
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