About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Fidessa Adds Tower Research Capital to its Intelligent SI Liquidity Program

Subscribe to our newsletter

Fidessa has added Tower Research Capital to its Intelligent SI Liquidity Program, helping users of its access architecture and smart order routing capabilities meet the liquidity challenges presented by Markets in Financial Instruments Directive II (MiFID II).

Tower uses a diverse set of trading strategies across a broad range of asset classes to provide liquidity on electronic markets around the world. Its Tower Systematic Internaliser (TRSi) price feed is integrated into Fidessa’s smart order router and market access layer so that it can be consumed alongside traditional sources of liquidity.

Fidessa’s order handling capabilities, including its Spotlight and BlockShadow liquidity seeking services, enable users to intelligently manage all their order flow across lit venues, SI operators, and the Large in Scale dark pools that have emerged in the wake of MiFID II.

James Blackburn, global head of equities product marketing at Fidessa, explains: “As new SI players enter the market, it’s important for brokers to have choice, but this choice needs to be managed within a framework that promotes best execution. With our customers also seeking new ways to access block liquidity from Large in Scale venues, we felt it was important to have one integrated approach across the entire liquidity spectrum. Fidessa is committed to providing a single point of entry to major sources of SI liquidity alongside existing dark and lit venues.”

Simon Dove, head of liquidity management at Tower Research Capital Europe, the electronic liquidity provider within Tower Research Capital that operates the SI, comments: “Tower is part of the elite of new SIs that bring best of breed liquidity to markets in the post-MiFID II world. We are delighted that Fidessa has selected us to help bring greater choice to our sell-side partners in their search for specialist and market leading liquidity.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Best practices for compliance with EU Market Abuse Regulation

EU Market Abuse Regulation (MAR) came into force in July 2016, rescinding the previous Market Abuse Directive and replacing it with a significantly extended scope of regulatory obligations. Eight years later, and amid constant change in capital markets regulation, technology and culture, financial institutions continue to struggle to stay on the right side of the...

BLOG

EU Parliament Approves Landmark Artificial Intelligence Act

The EU Parliament has approved the Artificial Intelligence Act, marking the world’s first regulation of AI. The regulation establishes obligations for AI based on its potential risks and level of impact and is designed to ensure safety and compliance with fundamental rights, democracy, the rule of law and environmental sustainability, while boosting innovation. The act...

EVENT

Buy AND Build: The Future of Capital Markets Technology, London

Buy AND Build: The Future of Capital Markets Technology London on September 19th at Marriott Hotel Canary Wharf London examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

Regulatory Data Handbook 2014

Welcome to the inaugural edition of the A-Team Regulatory Data Handbook. We trust you’ll find this guide a useful addition to the resources at your disposal as you navigate the maze of emerging regulations that are making ever more strenuous reporting demands on financial institutions everywhere. In putting the Handbook together, our rationale has been...