FIDESSA GROUP PLC Press Release
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Scores hat-trick, winning for the third consecutive year
London, 9th December 2015 - Fidessa group plc (LSE: FDSA) today announced that its derivatives trading platform has scooped the Sell-side Trading System Of The Year award at the FOW International Awards for the third year running. This latest accolade marks the end of a very successful year for Fidessa, during which it also won in the same category at FOW's Asia Awards - again for the third year in succession.
Explaining the reasons for granting the award to Fidessa, a member of the FOW judging panel commented: 'Nothing short of smashing it out the park this year, they are signing humungous sell- side deals and the product continues to develop at a rapid pace.'
Justin Llewellyn-Jones, Global Head of Derivatives at Fidessa, commented: 'We are very pleased to receive this award, particularly as it is the third consecutive year of winning. We continue to invest heavily in new features and functionality that allow our clients to keep pace with and leverage the opportunities presented by the fast-evolving derivatives marketplace.'
During the past year, enhancements to the Fidessa system have included an extended the range of synthetic order types to normalise trading across global markets, an increased suite of benchmark algos and the launch of a powerful new order analytics service that brings greater precision to the control and measurement of derivatives algos. Fully integrated with its trading platform, this Order Analytics facility enables traders to monitor orders in real time and adjust algos 'on the fly'.
Confirming the markets' validation of this powerful new service, the same FOW judge added: 'Fantastic feedback from sell-side clients as well, especially with regards to their new 'at-trade' real- time [capability], as traders can use it to adjust algo performance and change the outcome.'
Llewellyn-Jones added: 'After a continuous programme of investment in our futures and options workflow capabilities, it is extremely gratifying to hear that, in the assessment of one of the FOW judges, we stood out as being 'by far the best of the bunch for the sell-side, fast becoming the incumbent in this space'. We continue to focus on delivering workflow innovation and in addressing the ever-evolving regulatory landscape that our clients face. Consequently it was also good to hear from another FOW judge that, 'The vendor has also invested massively in compliance for MiFID II and will likely lead the street in terms of a compliant product in this space next year'.'
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Fidessa's futures & options trading service scales from a single regional implementation with global reach, to a global deployment across multiple regions, and provides connectivity to all the major trading venues, buy-sides and other brokers.
The award was presented at the FOW International Awards Dinner in London on 8th December 2015.
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Exceptional trading, investment and information solutions for the world's financial community.
New technology, new regulation, new challenges: making money in today's financial markets is all about staying ahead of the curve. Having the capability to spot new trends and act fast turns change into opportunity. That's why 85% of the world's premier financial institutions trust Fidessa to provide them with their multi-asset trading and investment infrastructure, their market data and analysis, and their decision making and workflow technology. It's also why around $20 trillion worth of transactions flow across our global network each year. Because we're the market leader, we can also offer unique access to the world's largest and most valuable trading community of buy-side and sell-side professionals, from global institutions and investment banks to boutique brokers and niche hedge funds.
Fidessa is a global business with scale, resilience, ambition and expertise. We've delivered around 25% compound growth since our stock market listing in 1997 and we're recognised as the thought leader in our space. We set the benchmark with our unrivalled set of mission-critical products and services and, uniquely, serve both the buy-side and sell-side communities.
Ongoing investment in our leading-edge, integrated solutions ensures Fidessa remains the industry's number one choice. fidessa.com
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