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Fidessa adds nine US options brokers to network

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Fidessa, a provider of trading solutions for the buy-side and sell-side, has added nine brokerage firms offering US options execution services to its connectivity network.

This follows the launch of Fidessa’s integrated options and equities trading platform for the sell-side in the US in October 2009.
 
Ballista Securities, Barclays Capital, BofA Merrill Lynch, Citi, ConvergEx Group’s LiquidPoint, Credit Suisse, Goldman Sachs, OnPoint Executions and Penson Financial Services are now all available on the Fidessa network to offer options execution services. 

These services encompass high-touch, DMA and algorithmic trading services, and are all fully integrated within the Fidessa options and equities trading platform.
 
Access to these brokers’ services is available via a direct FIX connection or fully integrated into Fidessa’s own buy-side and sell-side trading solutions.
 
Martin Hakker, executive vice president of marketing at Fidessa, says: "We’re committed to expanding our global network to provide the broadest possible range of execution services on a global basis, and the addition of these brokers that can offer options execution services really reinforces that strategy. Following the introduction of options functionality on our US sell-side trading platform earlier this year, we expect to see a real upsurge in the automation of options trading in 2010.”
 
Fidessa’s connectivity network links more than 2,300 buy-side institutions to more than 400 brokers and 120 markets around the world.

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