Fidessa, a provider of multi-asset trading, market data and global connectivity solutions, has announced that Fox-Davies Capital, a London-based broker/dealer and adviser to the natural resources sector, has gone live with Fidessa's European Trader Workstation for members trading on the London Stock Exchange.
Fidessa implemented ETW in six weeks following signature of the contract, and the firm went live on 10 August. Through ETW, FDC can now receive increased FIX-based inbound order flow from buy-side clients through the Fidessa connectivity network, which already supports connections to more than 1,300 buy-side firms globally.
FDC managing director Daniel Fox-Davies says: 'We wanted a professional cost-effective, but scalable solution that would enable FDC to compete with the more established players. We were aware of Fidessa's impressive client list and when we learned that its technology was available as a fully-hosted workstation it was clear that ETW would enable us to leapfrog our peers.'
Fidessa ETW is a fully managed and hosted trading solution that provides FDC with advanced client order handling features, best execution facilities and a full internal audit trail that helps it achieve its MiFID obligations.
Simon Barnby, global director of marketing communications at Fidessa, adds: 'We designed the robust execution tools and extensive market data capabilities within the ETW solution specifically with niche brokers in mind. We look forward to a strong and lasting relationship.'
Fidessa ETW supports member trading on European exchanges along with non-member trading across global markets through the DMA and care services of over 230 brokers on Fidessa's global connectivity network. It also delivers comprehensive, integrated market data including time and sales, news, charting, company fundamentals and corporate actions.
For users executing on the London market, Fidessa has links to 30 Retail Service Provider systems, offering execution on a broad range of instruments for retail order flow at an often market improved price.
The Fidessa product suite provides integrated multi-asset trading, market data and connectivity solutions to over 16,000 users at around 500 clients around the world, and serves over 85 per cent of global, tier-one equity brokers.
Fox-Davies Capital has been advising and raising funds for the natural resource sector since February 2001. The firm specialises in assisting international resource companies to gain access to the UK, European and North American capital markets and has a substantial background in emerging markets particularly in Africa, Asia, Russia and the former Soviet Union.
FDC enjoys a successful track record in advising and undertaking fundraising transactions for its clients ranging from private equity, IPO, and secondary offerings. It works with more than 350 specialised resource and emerging markets funds for institutions worldwide.
Fidessa is a world-leading 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 globally. Available as a simple workstation or as an integrated application suite, the Fidessa and Fidessa LatentZero suites aim to provide the richest functionality, coverage and distribution to the financial markets community.
Headquartered in London and with offices in New York, Boston, Tokyo, Hong Kong, Paris and Toronto, Fidessa serves over 16,000 users at around 500 clients globally. Fidessa was founded in 1981 and acquired LatentZero in 2007. Fidessa has revenues of USD250m, employs over 1,000 people and has been fully listed in London since 1997.