Fidessa named best trading platform in European Banking Technology Awards
The Fidessa group, a provider of multi-asset trading systems, market data and global connectivity, has won the Readers' Choice Award for the best trading platform/order management product at this year's European Banking Technology Awards.
Fidessa's trading platform provides multi-asset trading for many of Europe's brokers, combining smart order flow with fully integrated market data and algorithmic trading services. Trading is provided through Fidessa's global FIX connectivity network with access to 83 equity and derivatives exchanges, 230 brokers and 1,300 buy-side institutions.
Now in their eighth year, the European Banking Technology awards are designed to reflect excellence across a range of IT fields. The Readers' Choice Awards were launched this year to enable users to vote for what they consider to be the best systems in a range of categories.
'We are delighted to accept this award and are particularly pleased that our winning position in this category was the result of readers' votes,' says Philip Slavin, Fidessa's head of European product strategy.
'We have strengthened our trading platform over the past year or so with the addition of a number of new features: the ability to trade multiple assets on a single low-latency platform; the introduction of our fully-integrated algorithmic management system, Bluebox, and the launch of a new suite of products with full MiFID compliance.'
Fidessa group is a supplier of multi-asset trading, portfolio analysis, decision support, investment compliance, market data and global connectivity solutions for both buy-side and sell-side globally. Its Fidessa and Fidessa LatentZero products are available as a workstation or as an integrated application suite.
Fidessa is used by 85 per cent of tier-one global equity brokers providing trading, market data, order management and execution capabilities to the sell-side. LatentZero is used by asset managers 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.
Fidessa's global network carries more than 50 million messages a month covering DMA, Care and algorithmic orders, indications of interest and FIX allocations between over 1,300 buy-side firms and 230 brokers across 83 exchanges worldwide.
Headquartered in London with offices in New York, Boston, Tokyo, Hong Kong, Paris and Toronto, Fidessa serves over 16,000 users with around 500 clients globally. Fidessa was founded in 1981 and acquired LatentZero earlier this year. Fidessa has revenues of USD250m, employs over 1,000 people and has been fully listed in London since 1997.
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