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7th August, 2006
Hoodless Brennan
goes live with Fidessa® for market data
London – 7 August 2006 - royalblue
(LSE:RYB), provider of Fidessa, today announced
that Hoodless Brennan Plc, the UK provider of
online execution and full traditional stockbroking
services, has gone live with Fidessa Workstation
positions in its London and Bristol offices. Fidessa
will supply 60 positions with UK equities market
data.
Hoodless Brennan is using the award-winning Fidessa
Workstation to replace all of its current Knowledge
Technology Solutions' (KTS) QuoteTerminal positions
within its corporate finance and retail divisions.
Nigel Smith, CEO at Hoodless Brennan comments:
"Following an evaluation of the different
market offerings over a four month period with
our users completing trials of competing products
from Fidessa, Proquote and Thompson. Hoodless
Brennan has decided to migrate to the Fidessa
Workstation to take advantage of its sophisticated
and flexible functionality, together with its
speed of data retrieval and reliability.”
Fidessa Workstation provides users with fully
integrated real-time coverage for global markets
along with news, charts, company fundamentals
and reference data, via a sophisticated yet intuitive
user interface.
With the Workstation, financial institutions
such as Hoodless Brennan can typically reduce
their market data costs by up to 50%. The Workstation
has a flexible pricing model that enables companies
to pay just for the data they use from the source
of their choice rather than incur a flat fee for
a raft of feeds they may not require.
Simon Barnby, global director of marketing communications
at Fidessa adds: “We are proud to have Hoodless
Brennan joining our growing list of blue-chip
customers. Hoodless Brennan users have voted for
Fidessa and proved once again that Fidessa Workstation
is the product of choice in the City”.
The Fidessa product suite provides world leading
multi-asset trading, market data and connectivity
solutions to over 9,000 users at 260 institutions
worldwide and is used by over 85% of global, tier-one
equity brokers. Fidessa’s connectivity network
provides links to over 750 buy-side institutions,
170 brokers and 67 exchanges globally.
About Hoodless Brennan
Hoodless Brennan Plc was established in January
1993, and is based in Docklands, London. They
are authorised and regulated by the Financial
Services Authority, (Registration No: 155104)
and are members of the London Stock Exchange,
OFEX and APCIMS.
As well as offering an online execution only service,
Hoodless Brennan also offers a full traditional
stock broking service, specialising in research,
market making, advice and recommendations in the
AIM and smaller companies market Additionally,
HB Corporate is the Corporate Finance division
of Hoodless Brennan plc and a Nominated Advisor
on AIM.
About Fidessa group
Fidessa group is a world-leading supplier of multi-asset trading, portfolio analysis, decision support, investment compliance, market data and global connectivity solutions for both the buy-side and sell-side globally. Available as a simple workstation or as an integrated application suite, the Fidessa and Fidessa LatentZero products are built on the clear vision of providing the richest functionality, coverage and distribution to the financial markets community.
The Fidessa suite is used by 85% of tier-one, global equity brokers providing sophisticated multi-asset trading, market data, order management and execution capabilities to all tiers of the sell-side.
The Fidessa LatentZero suite is used by the world’s largest asset management firms through to smaller specialist managers and hedge funds, and provides comprehensive portfolio analysis, real-time P&L, what-if analysis, investment compliance, order and execution management, and post trade processing tools, across all asset classes, to all tiers of the buy-side.
Fidessa’s global network carries over 130 million messages a month covering DMA, Care and Algorithmic orders, Indications of Interest and FIX Allocations between over 1,800 buy-sides and 310 brokers across 100 markets worldwide.
Head-quartered in London and with offices in New York, Boston, Tokyo, Hong Kong, Paris, Toronto and San Francisco, Fidessa group serves 22,000 users across 600 clients globally. Fidessa group was founded in 1981, has revenues of around US$350m, employs over 1,200 people and has been fully listed (LSE:FDSA) since 1997.
www.fidessa.com
www.latentzero.com
For further information, please contact:
Simon Barnby
Fidessa
+44 20 7105 1250
simon.barnby@fidessa.com
Alastair Turner
Aspectus PR (PR Agency)
+44 (0) 20 7487 8443
alastair@aspectuspr.co.uk
Fidessa® is a registered trademark of Fidessa Group plc
All product and company names herein may be trademarks of their registered owners.
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