Sign up for free newsletter

 

Electronic trading floor

Fidessa connects sell-side OMS to Squawker block trading negotiation venue

Fidessa group has completed the pan-European FIX integration from Fidessa’s OMS to Squawker, the block trading negotiation venue.

The systems integration will ensure that users of the Fidessa European Trading Platform (ETP) will be able to route orders, IOIs and advertised trades to Squawker direct from their OMS, when the new block trading venue goes-live in the first quarter of 2013.
 
Chris Gregory, chief executive, Squawker, says: “Squawker matches trading counterparts, enabling them to build block volumes together, according to their different types of interests. Those interests can be expressed by users from their OMS using orders, IOIs and advertised trades. From day-one when Squawker goes-live, Fidessa’s ETP users will be able to access the liquidity on Squawker, in the same way that they can access all of the world’s other major trading venues.
 
“The challenge of finding block interest needs to be resolved and we are seeing significant appetite to Squawker playing a key role in solving this challenge. Fidessa has now completed the Fidessa ETP FIX connectivity and deep integration with Squawker which will enable its clients to have easy access to this new source of liquidity. The deep integration will allow ETP users to automate this process even further by easily configuring their Fidessa OMS to automatically route IOIs to Squawker the instant they receive a block order onto their OMS blotter.”
 
Squawker is in discussions with the full range of sell-side firms, including investment banks, market makers, agency brokers, proprietary and principal trading firms.

The Hedgeweek Awards 2013 for the best hedge fund performers and service providers will be held in London towards the end of Q1 2013. Please click here to nominate your product/firm.


Subscribe to free daily newsletter
MediaWatch WA awards 2015

See interviews and presentation at the Wealth Adviser 2015 awards ceremony, held at Sketch, Mayfair on the 15th May .... »

latestjobs
Web Developer

Mon, 01 Jun 2015 00:00:00 GMT

FX Trading - Options/Forwards/Spot

Mon, 01 Jun 2015 00:00:00 GMT

Junior European Equity Sales- NYC Investment Bank

Mon, 01 Jun 2015 00:00:00 GMT

events
18 hours from now - Chicago
18 hours from now - Boston
5 days 18 hours from now - New York
specialreports