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 Partners Alpha Omega to Support FIX-Based Post-Trade Processing

Subscribe to our newsletter

Fidessa has partnered Alpha Omega to tackle the cost and inefficiency of post-trade affirmation processing, promote use of the FIX protocol, and grow its global trading network.

The partnership integrates Fidessa’s post-trade Affirmation Management Service (AMS), an industry utility that provides low-cost affirmation processing as an alternative to central matching, and Alpha Omega’s FIX based affirmation processing workflow FIXAffirm. The result gives Fidessa access to asset management firms using FIXAffirm and third-party order management platforms. Alpha Omega, which has a strong buy-side presence, gains access to the sell-side community through integration with Fidessa’s AMS utility.

Steve Grob, director of group strategy at Fidessa, explains: “There is no commercial advantage in post-trade activity and the industry needs to dull down cost and increase efficiency. Alpha Omega has worked closely with the FIX community on how orders are routed and has extended use of the FIX protocol into post trade. Its solution avoids buy-side and sell-side firms running different systems to talked to the same people about the same order and establishes FIX as a protocol for buy-side and sell-side communication. Integrating FIXAffirm with the Fidessa AMS utility means the sell side can use FIX in post-trade affirmation.”

Kamal Duggirala, CEO at Alpha Omega, adds: “Our partnership with Fidessa is a significant step forward in making the adoption of FIX based post-trade processing easy and cost effective.”

The partnership will initially offer FIXAffirm’s affirmation workflow covering equity and fixed income securities, but has plans to collaborate on other asset classes, including derivatives. Fidessa suggests this could ultimately provide the trading community with a single industry utility for post-trade processing, regardless of asset class. Fidessa is talking to other FIX specialists about integrating with AMS, but will continue to support other protocols to ensure access to the utility.

The relationship between Fidessa and Alpha Omega has been made under Fidessa’s partnership programme, which aims to drive momentum in the post-trade space by working with innovative technology providers. Alpha Omega is Fidessa’s second partner in the programme, which already includes OTAS, a provider of market analytics. Grob comments: “The partnership programme does due diligence on fintech firms and helps to validate them in the market. For customers, it provides access to cool technologies that are embedded in Fidessa workflows.”

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: The future of market data – Harnessing cloud and AI for market data distribution and consumption

25 June 2025 10:00am ET | 3:00pm London | 4:00pm CET Duration: 50 Minutes Market data is the lifeblood of trading, but as data volumes grow and real-time demands increase, traditional approaches to distribution and consumption are being pushed to their limits. Cloud technology and AI-driven solutions are rapidly transforming how financial institutions manage, process,...

BLOG

big xyt Enters Bidding to Become EU Equities and ETFs Consolidated Tape Provider

Data analytics specialist big xyt has formally declared its intention to compete for the role of official provider of the EU Consolidated Tape (CT) for equities and ETFs, under the selection process overseen by the European Securities and Markets Authority (ESMA). big xyt’s entry into the process comes amid industry concerns over a lack of...

EVENT

TradingTech Summit MENA

The inaugural TradingTech Summit MENA takes place in November and 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 in the region.

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...