14th November, 2006
Fidessa® Workstation revolutionises EMS for the buy-side with tradable IOIs

London – 14 November 2006 – royalblue (LSE:RYB), provider of Fidessa, today announced the launch of tradable Indications of Interest (IOI) and Trade Advert (TA) services for buy-side firms fully integrated into its Fidessa Workstation Execution Management Service (EMS).

Fidessa now delivers IOIs directly to buy-side traders, fully integrated for the first time into an execution management solution and as such enables traders to search for large block liquidity quickly and minimise market risk. Uniquely, Fidessa EMS also allows the buy-side trader to trade a chosen IOI with a simple double click. This provides a fast, efficient and error-free method for the trader to route large block orders back to the originating broker for execution.

The new service means users of Fidessa EMS are now able to receive IOI and TA flow directly from any of 50 direct connections on the Fidessa network, including blue-chip names such as ABN Amro, C.A Cheuvreux, Deutsche Bank, JP Morgan, Lehman Brothers, Merrill Lynch, Morgan Stanley, Société Générale and UBS.

Simon Barnby, global director of marketing communications at Fidessa comments: “We are committed to supplying the buy-side with the most powerful execution management system in the market. The provision of fully integrated tradable IOIs, together with trade advert data, delivers on this promise and ensures buy-side traders have the highest visibility of price improvement and off exchange liquidity compared to competing EMS products.”

Fidessa EMS is a global, broker-neutral execution management system targeted at buy-side trading desks. Provided as a fully managed and hosted service, EMS offers sophisticated order handling and trading tools, and facilitates execution through the care, DMA and algorithmic services of over 170 brokers worldwide.

The Fidessa product suite provides multi-asset trading, market data and connectivity solutions to over 9,300 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 68 exchanges worldwide.

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.

For further information, please contact:

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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