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3rd July, 2007
Fidessa wins FOW’s Derivatives award and is cited in the Financial News 21 tech companies listing
LONDON – 3 July 2007 –Fidessa group plc (LSE:FDSA), the world leading provider of multi-asset trading systems, market data and global connectivity, today announced it has won FOW’s ‘Derivatives ISV of the year’ award. In addition, Financial News cited Fidessa, along with its recent acquisition LatentZero, as one of the 21 technology firms with the potential to shape the industry landscape in the new millennium, for the second year running.
This is the first year FOW has held these awards which aim to recognise organisations that have made a substantial contribution to the development of the global derivatives market over the past year. Fidessa which launched its derivatives capabilities at the FOW conference just a year ago, has now beaten strong competition in the awards from GL Trade, Orc Software, Patsystems, Rolfe and Nolan, SunGard Front, Kiodex and Trading Technologies.
This is the second year for the Financial News listing which selects companies with innovative technology, clear vision of how they might improve the markets in which they operate, and proven track record of success.
Steve Grob, director of derivatives for Fidessa, comments: “This has been an ambitious year for us and we are delighted to be acknowledged within the industry for our achievements. In addition to signing Insinger de Beaufort and ADM Investor Services International Limited in 2006, we have also signed a further five clients for our multi-asset platform. We have extended our buy-side EMS product to support derivatives and with the acquisition of LatentZero we are now further extending our cross asset capabilities into the buy-side through its suite of front-office software applications for asset managers.”
The Fidessa product suite provides integrated multi-asset trading, market data and connectivity solutions to over 14,000 users at around 400 clients around the world, and serves over 85% of global, tier-one equity brokers. The Fidessa network provides connectivity to around 1,000 buy-side institutions, 210 brokers and 82 exchanges globally.
About Fidessa
Fidessa group plc is a world-leading supplier of multi-asset trading systems, market data and connectivity solutions to financial markets participants globally. The Fidessa product suite is built on the clear vision of providing the richest functionality, coverage and distribution to all tiers of the buy-side and sell-side financial communities.
Fidessa supplies a wide range of clients including, hedge funds, asset managers, advisors, broker/dealers and investment banks, and is currently used by over 85% of global, tier-one equity brokers. Fidessa serves over 14,000 users at 400 clients and provides connectivity to over 210 brokers, 82 exchanges and 1,000 buy-sides globally.
In April 2007, Fidessa announced the acquisition of LatentZero, a leading supplier of front-office software to investment managers. Fidessa LatentZero is used by many of the largest asset management firms providing comprehensive, multi-asset portfolio analysis, modelling, order generation, pre/post trade processing and integrated pre/post compliance management for the buy-side.
Head-quartered in London and with offices in New York, Boston, Tokyo, Hong Kong, Paris and Toronto, Fidessa was founded in 1981 and now has annual revenues of around US$250m, employs over 1,000 people and has been fully listed on the London Stock Exchange (LSE:FDSA) since 1997.
www.fidessa.com
www.latentzero.com
For further information, please contact:
Simon Barnby
Fidessa
+44 20 7929 9250
simon.barnby@fidessa.com
Evelina Amanatidou
Team 660, Metia for Fidessa
+44 (0)20 3100 3592
evelina@metia.com
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