Fidessa adds round-the-clock trading in the US

Fidessa adds round-the-clock trading in the US

Fidessa group, a provider of trading systems, market data and global connectivity, has announced the launch of round-the-clock trading for its global trading service.

Fidessa's global trading service is a fully integrated international trading service available within its US hosted trading platform.

The over-night trading service enables Fidessa's US users to execute orders across the following Asian markets: Hong Kong, Thailand, Korea, Indonesia, Philippines, Malaysia, China, Taiwan, India, New Zealand, Australia, Singapore and Japan.

The global trading service already supports access to Canadian, European and Latin American markets within their respective trading hours.

David Polen, SVP of product marketing at Fidessa in the US, says: 'Fidessa remains committed to providing the tools and services that our brokerage clients need to remain one step ahead of their competition. Asia's equities markets are becoming increasingly electronic; market volumes are rising, and traders are becoming more active. In order to compete effectively on a global scale, US brokers need to provide a higher level of execution tools and services. Round-the-clock trading enables our clients to provide their clients a global reach.'

Fidessa global trading service includes electronic order receipt, routing and execution, while fulfilling US regulatory and compliance obligations. It supports orders in each market's local currency and tracks positions in international stocks with a real-time P&L valuation in the native currency, and a rolled up real-time P&L in US dollars.

Fidessa has a network of global ticker plants that provide low-latency market data direct from the trading venues, together with news, fundamentals, charts and analysis.

The network connects to more than 360 brokers, 2,200 buy-sides and 115 venues worldwide.

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