| 
4th December, 2006
SEB Enskilda Equities
joins Fidessa's global broker network
London – 4th December 2006: royalblue
(LSE: RYB), supplier of Fidessa®, today announced
that SEB Enskilda Equities are now receiving order
flow from Fidessa’s global connectivity
network. Fidessa users are now able to route DMA
and care order flow through SEB Enskilda Equities,
taking advantage of its dominant position within
execution as well as clearing and settlement in
the Nordic markets.
The agreement enables Fidessa users to execute
cash equities and CFDs across 20 European markets
including Sweden, Denmark, Norway and Finland
as well as Xetra, Euronext, LSE and Virt-X.
Robert Anderson, responsible for DMA at SEB Enskilda
Equities says: “We are pleased to strengthen
our offering within electronic trading with such
a reliable, high performance and well known product
as Fidessa. Our partnership with Fidessa also
opens up a whole new market of over 9,300 users
for us to tap into and offer our local expertise.”
SEB joins some 170 financial players on Fidessa’s
global connectivity network which includes Barclays,
Bear Stearns, Cheuvreux, Credit Suisse, Deutsche
Bank, Goldman Sachs, HSBC, Lehmans, Merrill Lynch,
Morgan Stanley and UBS providing execution services
for global markets.
Simon McDowell, director of execution services
at Fidessa, adds: “We are proud to have
such a dominant regional force join the raft of
tier one brokers on our connectivity network.
This underlines our commitment to add regional
specialists with local expertise as well as tier-one
brokers with global reach. Our strategy is to
provide our users with the greatest possible choice
of trading venues which is inline with the forthcoming
MiFID regulations on best execution.”
Fidessa’s global FIX connectivity network
provides a fully normalised, robust, broker-neutral
solution for clients wishing to route order flow
to a variety of sell-side destinations. Typical
uses of the network include buy-side to sell-side
connectivity and broker-to-broker connectivity
to support non-member trading across numerous
markets. Access to the Fidessa network is available
via the Fidessa trading platform, the Fidessa
Workstation Execution Management Service and via
direct FIX connections.
The Fidessa product suite provides cross-asset
trading, market data and connectivity solutions
to over 9,300 users at 260 client sites around
the world.
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.
|