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25th September, 2006
Fidessa® launches
European Trader Workstation
London – 25 September 2006 –
royalblue (LSE:RYB) today announced
the launch of the Fidessa European Trader Workstation
(ETW). Designed for small and mid-tier broker/dealers
across Europe, ETW provides member and non-member
trading services, seamless electronic order handling,
powerful order management functionality and sophisticated
pre and post-trade analysis tools.
Building on Fidessa’s established pedigree,
the first release of ETW supports member trading
on the London Stock Exchange (LSE) and Euronext
along with non-member trading across global markets
through Fidessa’s managed remote broking
network of over 170 brokers. In addition, ETW
enables brokers to capture inbound client order
flow over Fidessa’s normalized FIX network
which already supports connections to over 750
buy-side firms globally.
For UK brokers, ETW supports connectivity to 20
Retail Service Provider (RSP) systems offering
often improved market prices for retail order
flow. Along with powerful execution tools, ETW
delivers comprehensive, integrated market data
including time & sales, news, charting, company
fundamentals and corporate actions.
Simon Barnby, global director of marketing communications
at Fidessa comments: “With the huge uptake
of electronic trading around the globe, a challenge
for smaller and mid-tier brokers is how to keep
up with technological advancements and maintain
their market share. Our European Trader Workstation
addresses these exact needs and provides them
with a fully managed and hosted trading solution.
Fidessa ETW is a one-stop solution for brokers’
exchange trading needs."
With over 85% of the world's tier-one equity
brokers as customers, Fidessa has long been established
as the global benchmark for tier-one, sell-side
order management and trading systems. ETW inherits
this proven, class-leading functionality, including
client order capture, order management across
multiple desks and locations, onward order routing
and performance analysis. Fidessa ETW provides
advanced client order handling features, best
execution facilities and a full internal audit
trail. ETW also delivers on Fidessa’s strategy
to support its clients in meeting their conduct
of business obligations under the forthcoming
Markets in Financial Instruments Directive (MiFID).
Fidessa’s market data, trading and connectivity
solutions are used by over 9,000 users at around
260 clients around the world. Fidessa’s
managed FIX connectivity network routes orders,
trades, IOIs, trade adverts and allocations amongst
over 170 brokers, 68 exchanges and 750 buy-sides
globally.
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About Fidessa group
Fidessa group is a leading supplier of multi-asset trading, portfolio analysis, decision support, compliance, market data and global connectivity solutions for the buy-side and sell-side globally. Available as a simple workstation or as an integrated application suite, the Fidessa products and services are built on the clear vision of providing the richest functionality, coverage and distribution to all tiers of the financial markets community.
The Fidessa suite is used by 85% of tier-one, global equity brokers as well as niche regional players, providing powerful multi-asset trading, order management, compliance and middle-office capabilities, along with sophisticated algorithmic trading and smart order routing services.
The Fidessa LatentZero suite is used by the world’s largest asset management firms through to smaller specialist boutique managers and hedge funds, providing 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.
Fidessa’s global network carries over 180 million messages a month covering DMA, Care and Algorithmic orders, Indications of Interest and FIX Allocations between over 2,200 buy-sides and 360 brokers across 115 markets worldwide.
Headquartered in London and with offices in New York, Boston, Tokyo, Hong Kong, Paris, Toronto, San Francisco and the Kingdom of Bahrain, Fidessa serves over 22,000 users across 630 clients globally. Fidessa group was founded in 1981, has revenues of £189.1m, employs 1,400 people and has been fully listed on the London Stock Exchange (FDSA) since 1997.
www.fidessa.com
www.latentzero.com
For further information, please contact:
Simon Barnby
Fidessa
+44 (0) 20 7105 1250
simon.barnby@fidessa.com
Alastair Turner
Aspectus PR (PR Agency)
+44 (0) 20 7487 8443
alastair@aspectuspr.co.uk
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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