Fidessa provides a single trading interface on to a trader’s desktop of a ‘virtual’ European market. This enables a member firm to participate in one or more of the supported order driven markets. The system allows entry, modification and deletion of orders via direct Fidessa exchange links or via third party links.

Value added views, together with complex monitoring facilities and configurable rules based logic complement one another to provide a sophisticated system that is fast and efficient to use.

Features included:

	Support for a generic set of Order types, i.e. At Market, At Best, Limit, Execute & Eliminate and Hidden Orders. These order types can be input onto a public order book either manually or automatically, i.e. electronic orders may be generated from internal order routing systems or complex trading models
	Support for market specific order types, e.g. Fill or Kill, Anonymous, and Cross Orders
	Support for market specific trading practices; support for specialist trading functions ‘Designated Sponsor’ (Xetra) and Hoekman (Amsterdam) and support for OTC Trade reporting
	A multitude of views is provided, showing both basic market information and consolidated views, across the specified market places. Single line views and summarized market depths are supported to allow multiple stocks to be monitored simultaneously. More detailed views show the full market depth
	Tickers will show market activity in terms of executions and another set will show internal activity together with monitors keeping track of the status of house orders placed on the public order book
	Queries are provided to allow intra-day activity to be browsed and analyzed. Internal order history enquiries maintain the status of all orders placed together with the resulting executions

The Fidessa OpenAccess API enables external systems to interact with the market order books. Fidessa manages the executions received against the order placed and provides an interface to enable external systems to obtain executions for position keeping, inventory management and settlement purposes.

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