Thu, 05/07/2007 - 08:37
Fidessa group, a provider of multi-asset trading, market data and global connectivity solutions, has announced the addition of member trading on the Madrid Stock Exchange to its European Trader Workstation.
Launched last year, European Trader Workstation is designed for small and mid-tier broker/dealers across Europe, providing member and non-member trading services, electronic order handling, order management functionality and pre- and post-trade analysis tools.
With the addition of member trading on the Madrid Stock Exchange, Fidessa ETW now offers Spanish brokers a trading solution providing powerful execution capabilities and comprehensive market data.
ETW provides non-member trading across global markets through the DMA and care services of more than 210 brokers on Fidessa's global connectivity network. In addition, ETW enables brokers to receive FIX-based inbound order flow from buy-side clients through the Fidessa network, which already supports connections to more than 1,000 buy-side firms worldwide.
'Local brokers face the challenge of keeping abreast with the technological advancements in electronic trading and playing catch up with the global players,' says Simon Barnby, Fidessa's global director of marketing communications.
'By adding member trading to the Madrid Stock Exchange, we are now offering Spanish brokers a powerful and functionally rich trading system. We plan to add more member trading gateways within ETW, in line with client demands.'
Fidessa supplies a wide range of clients including hedge funds, asset managers, advisers, broker/dealers and investment banks, and is currently used by more than 85 per cent of global tier-one equity brokers, and serves more than 14,000 users at 400 clients.
In April Fidessa acquired LatentZero, a supplier of front-office software to investment managers that is used by many of large asset management firms to provide, multi-asset portfolio analysis, modelling, order generation, pre- and post-trade processing and integrated compliance management for the buy-side.
Headquartered in London with offices in New York, Boston, Tokyo, Hong Kong, Paris and Toronto, Fidessa was founded in 1981 and now has annual revenues of around USD250m, employs more than 1,000 people and has been listed on the London Stock Exchange since 1997.
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