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: Detecting and preventing market abuse

Market abuse – unlawful disclosure of inside information, insider trading, circular trading, “pump and dump” schemes, etc. – poses significant threats to the integrity of capital markets. In 2024, global trading house Trafigura agreed to pay a $55 million fine to the U.S. Commodity Futures Trading Commission (CFTC) for trading with non-public information, manipulating a...

BLOG

Opensee Deploys Real-Time Risk Analytics Platform at Taula Capital

Opensee has implemented its real-time data management and risk analytics platform at Taula Capital, marking a significant step for one of the most notable hedge fund launches of the past decade. Taula Capital was founded by former Millennium Management senior trader Diego Megia last year with $5bn in AUM. The deployment, completed in six weeks,...

EVENT

Buy AND Build: The Future of Capital Markets Technology

Buy AND Build: The Future of Capital Markets Technology 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

AI in Capital Markets: Practical Insight for a Transforming Industry – Free Handbook

AI is no longer on the horizon – it’s embedded in the infrastructure of modern capital markets. But separating real impact from inflated promises requires a grounded, practical understanding. The AI in Capital Markets Handbook 2025 provides exactly that. Designed for data-driven professionals across the trade life-cycle, compliance, infrastructure, and strategy, this handbook goes beyond...