Cornhill Asset Management goes live with Fidessa
Fidessa Group has announced that Cornhill Asset Management, a specialist initial public offering and pre-IPO brokerage firm, is now live with Fidessa's European Trader Workstation (ETW) in its London office.
Already a Fidessa Market Data Workstation customer for real-time UK equity and derivatives market data, Cornhill has extended its partnership to encompass Fidessa ETW for member trading on the London Stock Exchange and non-member trading for European stocks.
Fidessa ETW links into Cornhill's back-office system and provides internal audit trails for allocations and trades while enabling MiFID compliance. Cornhill will use ETW's execution tools and utilise the integrated market data service including time and sales, news, charting, company fundamentals and corporate actions.
'We wanted a reliable and scalable trading solution that would enable us to expand the number of markets we trade,' says Cornhill head of trading Richard Earthrowl. 'We were impressed with Fidessa Workstation's rich functionality and market data capabilities and when it came to selecting our execution tools and extending our connectivity to Europe, ETW was our obvious choice.'
Fidessa ETW supports member trading on European exchanges along with non-member trading across global markets through Fidessa's managed connectivity network of more than 230 brokers. Through ETW, brokers are able to capture inbound client order flow over Fidessa's normalised FIX network, which already supports connections to more than 1,300 buy-side firms globally.
'With its powerful execution tools and comprehensive market data, ETW addresses the needs of the more niche, boutique brokers,' says Fidessa's global director of marketing communications Simon Barnby. 'We are delighted to extend our partnership with Cornhill and provide a one-stop solution for all its exchange trading requirements at a competitive price.'
Fidessa group is a 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. Established in 1981, with headquarters in London and offices in New York, Boston, Tokyo, Hong Kong, Paris and Toronto, Fidessa serves more than 16,000 users at 500 institutions worldwide and is used by more than 85 per cent of global, tier-one equity brokers. The group has revenues of USD250m and employs more than 1,000 people.
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