| 
10th July, 2006
Insinger de Beaufort
signs for Fidessa® multi-asset trading platform
London – 10 July 2006 - royalblue
(LSE:RYB), provider of Fidessa, today announced
the signing of Insinger de Beaufort, the Anglo-Dutch
banking group, as the first client for its recently
launched multi-asset trading platform. The fully
hosted Fidessa platform will provide Insinger
de Beaufort with cross-asset trading, order management
and middle-office functionality, for 60 users
located in their London offices.
Launched this June, Fidessa’s multi-asset
trading platform provides robust, super-resilient
trading across asset classes along with smart
order flow, integrated market data, risk management
and connectivity to an extensive network of financial
players across a global market.
Martin Burton, director at Insinger de Beaufort,
comments: "With Fidessa’s multi-asset
platform we will be able to replace a number of
existing disparate systems, and so streamline
and integrate our different activities to capitalise
on trading opportunities and provide a better
service to our clients."
Insinger de Beaufort recently undertook an extensive
review of its systems following its acquisition
of Monument Securities Ltd. Central to its requirements
was a system that could operate across the different
offices of Insinger de Beaufort and, crucially,
provide one combined platform for its cash equities
and derivatives business lines.
Steve Grob, head of derivatives at Fidessa, adds:
"This deal confirms that our multi-asset
strategy is on the right course and validates
our belief that there is a real market demand
for our unique combination of value-added market
data, multi-asset trading systems and global connectivity."
Insinger de Beaufort will also be rolling out
Fidessa's multi-asset Workstation solution to
its own clients as part of the deal. This will
allow their buy-side clients to electronically
route multi-asset order flow directly through
to Insinger de Beaufort. The Fidessa Workstation
provides an integrated execution management and
market data solution for buy-side traders.
The Fidessa product suite provides integrated
trading, market data and connectivity solutions
to over 8,500 users at 200 institutions worldwide
and is used by over 85% of global, tier-one equity
brokers. Fidessa’s connectivity network
provides links to over 600 buy-side institutions,
140 brokers and 67 exchanges globally.
About Insinger de Beaufort
Insinger de Beaufort is an Anglo Dutch banking group
with origins dating back to 1779.
The group operates through three main business
lines, focussing on Private Banking, Asset Management,
both centred in Amsterdam and Institutional &
Corporate Clients, centred in London. Insinger
de Beaufort also has offices in: Eindhoven, The
Hague, Geneva, Luxembourg, Rome, Cape Town and
Johannesburg.
Insinger de Beaufort, as an independent group,
offers its private clients a broad range of products
and services, from integrated private banking,
private equity and stock broking to a full range
of manager selection funds. The offering to institutional
clients varies from asset management, equity and
bond broking and research to mid market corporate
finance services.
The group operates through Bank Insinger de Beaufort
N.V. and its subsidiaries. Insinger de Beaufort
Holdings S.A., the ultimate parent company, is
listed on the Luxembourg Stock Exchange. Additional
information on the group and its services can
be found by visiting Insinger de Beaufort's website
at www.insinger.com.
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.
|