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Fidessa launches global fragmentation analysis tools

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Fidessa group, a provider of trading systems, market data and connectivity to both buy-sides and sell-sides, has launched global market coverage for its fragmentation analysis tools, the Fidessa Fragmentation Index and Fragulator.

These free to use web-based services were first launched in Europe to provide an unbiased view of the true state of fragmentation following the introduction of the Markets in Financial Instruments Directive.

They now provide global content with specific regional analysis on the US, Canada, Japan and Asia as well as Europe.

The tools allow the trading community to analyse the fragmentation of liquidity in stocks and indices across the world over any time period in a matter of seconds. Market participants can gain a complete understanding of the impact of alternative trading venues in each region as well as the international breakdown of trading in stocks generally.

The Fidessa Fragmentation Index allows users to track and compare fragmentation between the established market centres and the new alternative execution venues in Europe. The Fragulator, launched in 2009, provides a view of the complete trading pattern of any European stock over any time period across both lit and dark venues and OTC markets.

Steve Grob, director of group strategy at Fidessa, says: "Our aim has always been to convert data into information through the combination of a simple web interface with a hugely powerful database behind it. Now we have extended this to provide the same level of instant insight into the macro trading environment as well as domestic fragmentation across multiple geographies. For the first time ever the global trading community can benefit from using tools which effectively provide the consolidated global market view of liquidity that everyone is looking for."

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