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Fidessa Group posts positive 1H10 results, notes continued progress in Asia

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London headquartered multi-asset trading solutions firm, Fidessa Group, has released its 1H10 results. Despite uncertainty in the markets it has achieved 11% growth YOY, with revenues up to GBP128.5 million, and acknowledges strong demand in Asia as being a key factor. Business opportunities continue to present themselves, particularly in the compliance area, with Hedgeweek reporting last week that SBI Japannext Securities had joined Fidessa’s global FIX network. The interim report states that the number of broker connections handling Asian order flow has increased nearly 30%. The opening of its Singapore network hub in May reflects the firm’s widening geographical client base as it looks to enhance connectivity. Commenting in the report on the group’s results, Fidessa Chief Executive, Chris Aspinwall (pictured) said: “Fidessahas delivered good growth for the first half of 2010 with progress across all regions. This has included a strong performance from our business in Asia and our first substantial deal in the Middle East region.”

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