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A-Team Insight Blogs

Fidessa Responds to Demand for a Consolidated Trading Platform

Fidessa has responded to ongoing client demand for consolidated trading platforms that reduce total cost of ownership and increase efficiency with the addition of US Treasuries to its global futures and options platform, and connectivity to BrokerTec and Nasdaq OMX eSpeed.

The addition of US Treasuries to the derivatives platform takes the company into fixed income trading for the first time, with access to the treasury instruments made available this week in the second quarter release of Fidessa’s managed OMS solution. Users pay a monthly fee to access the US Treasuries trading gateway and are expected to include existing and new sell-side clients including futures commission merchants that are trying to save money and improve customer service and transparency in response to low interest rates and regulatory requirements.

The integration takes advantage of trading tools that are already on the Fidessa platform, including a smart order router and algorithms that allow firms to take advantage of opportunities between venues.

Justin Llewellyn-Jones, global head of derivatives at Fidessa, explains: “We have seen considerable demand from our clients for access to these markets at a time when cost pressures remain. This initiative provides a single consolidated platform that simplifies trading and compliance processes, and provides a lower cost, more client focussed service, while meeting regulators’ demands for high levels of transparency.”

Looking forward, Tim Wade, head of Fidessa’s derivatives product strategy, noted regulatory compliance as a high priority in the market, matched by growing client interest in single, simplified workflows delivered as managed services.

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