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28th November, 2007
Fidessa named Best Trading Platform in the European Banking Technology Awards
LONDON – 28 November 2007 – Fidessa group plc (LSE:FDSA), provider of multi-asset trading systems, market data and global connectivity, has won the Readers’ Choice Award for the Best Trading Platform/Order Management Product in the European Banking Technology Awards 2007.
Fidessa’s Trading Platform provides robust and sophisticated multi-asset trading for many of Europe’s brokers, combining smart order flow with fully integrated market data and algorithmic trading services. Trading is provided through Fidessa’s global FIX connectivity network with access to 83 equity and derivatives exchanges, 230 brokers and 1300 buy-side institutions worldwide.
Now in its 8th year, the European Banking Technology awards are designed to reflect excellence across a range of IT activities. This year saw the introduction of the Readers’ Choice Awards, with Banking Technology readers asked to vote for their choice of what they consider to be the best systems in a range of categories.
Presenting the award at the European Banking Technology Awards dinner at the Grosvenor House Hotel in London on 22nd November, David Bannister, Banking Technology’s editor commented: "An important point about these awards is that the winners didn't put themselves forward, and we made no recommendations - we just asked the readers and they chose. Fidessa can be justifiably proud that their clients, and other readers, went out of their way to vote for them, and I congratulate them."
Collecting the award on behalf of Fidessa, Philip Slavin, Head of European Product Strategy, commented: “We are delighted to accept this award and particularly pleased that our winning position in this category was the result of readers’ votes.
We have strengthened our market leading trading platform over the last year or so with the addition of a number of new features: the ability to trade multiple assets on a single low-latency platform; the introduction of our fully integrated algorithmic management system, Bluebox; and the launch of a new suite of products to deliver full MiFID compliance. This award is testament to the success of these initiatives in meeting the increasingly complex trading needs of our users across Europe and globally.”
Fidessa’s trading platform serves over 85% of global, tier-one equity brokers. The Fidessa Group’s product suite provides integrated trading, market data and connectivity solutions to over 16,000 users at around 500 clients around the world.
About Fidessa group
Fidessa group 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 product suites are built on the clear vision of providing the richest functionality, coverage and distribution to the financial markets community.
The Fidessa suite is used by 85% of tier-one, global equity brokers providing sophisticated trading, market data, order management and execution capabilities to all tiers of the sell-side.
The Fidessa LatentZero suite is used by the world’s largest asset management firms through to smaller specialist managers and hedge funds, and provides comprehensive portfolio analysis, real-time P&L, what-if analysis, investment compliance, order and execution management, and post trade processing tools, across all asset classes, to all tiers of the buy-side.
Fidessa’s global network carries over 95 million messages a month covering DMA, Care and Algorithmic orders, Indications of Interest and FIX Allocations between around 1,500 buy-sides and 255 brokers across 92 exchanges worldwide.
Head-quartered in London and with offices in New York, Boston, Tokyo, Hong Kong, Paris, Toronto and San Francisco, Fidessa group serves around 22,000 users across 520 clients globally. Fidessa group was founded in 1981, has revenues of $270m, employs over 1,100 people and has been fully listed (LSE:FDSA) since 1997.
www.fidessa.com
www.latentzero.com
For further information, please contact:
Simon Barnby
Fidessa
+44 20 7929 9250
simon.barnby@fidessa.com
Evelina Amanatidou
Team 660, Metia for Fidessa
+44 (0)20 3100 3592
evelina@metia.com
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