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Because of a radical overhaul to the matching engine at the Tokyo Stock Exchange.<ref>http://www.tse.or.jp/english/news/201001/100102_a.html Trading in Tokyo Enters the Microsecond level,</ref> A boom in High frequency trading in Asia has begun. Fidessa has developed an Ultra Low Latency Direct Market Access platform. (ULLDMA). Based upon the Asian focused JMIS Line handlers, Fidessa`s [[High-frequency trading|HFT]] platform includes Pre-trade risk checks, integration with Algo engines and other rich functionality purposely designed to help Brokers and High Frequency traders. Even though the system includes rich functionality, performance through the Gateway, like all HFT systems, is measured at the Microsecond Level.<ref>https://www.credit-suisse.com/news/en/media_release.jsp?ns=41401 Trading systems deliver less than 1ms delay.</ref>
Because of a radical overhaul to the matching engine at the Tokyo Stock Exchange.<ref>http://www.tse.or.jp/english/news/201001/100102_a.html Trading in Tokyo Enters the Microsecond level,</ref> A boom in High frequency trading in Asia has begun. Fidessa has developed an Ultra Low Latency Direct Market Access platform. (ULLDMA). Based upon the Asian focused JMIS Line handlers, Fidessa`s [[High-frequency trading|HFT]] platform includes Pre-trade risk checks, integration with Algo engines and other rich functionality purposely designed to help Brokers and High Frequency traders. Even though the system includes rich functionality, performance through the Gateway, like all HFT systems, is measured at the Microsecond Level.<ref>https://www.credit-suisse.com/news/en/media_release.jsp?ns=41401 Trading systems deliver less than 1ms delay.</ref>

=== Competition ===
Fidessa's main competitors are the actual trading systems developed by a financial institutions internal IT teams. Other financial vendor companies include [[DST Systems Inc.]], Charles River Development, [[Sungard]], [[SimCorp]], [[Linedata Services]], [[Orc Software]], FlexTrade Systems amongst others.


=== Clients ===
=== Clients ===

Revision as of 09:59, 18 January 2011

Fidessa Group plc
Company typePublic (LSE: FDSA)
IndustrySoftware
Founded1981
HeadquartersLondon, UK
Key people
John Hamer (Chairman of the board)
Chris Aspinwall (CEO)
ProductsTrading systems, market data
Revenue£238.5 million (2009)[1]
£29.9 million (2009)[1]
£21.0 million (2009)[1]
Number of employees
1,500 (2009)
Websitewww.fidessa.com

Fidessa Group plc is a British-headquartered company which provides software and services such as trading systems to clients in the financial services sector. The firm also provides market data and related services to buy side and sell side financial services customers.

The company is headquartered in Woking with offices in London, New York, Boston, Tokyo, Hong Kong, Paris, Toronto, San Francisco, Belfast and Bahrain. It is listed on the London Stock Exchange and is a member of the FTSE 250 Index.

History

The Company was originally founded in 1981 as Intercom Data Systems (IDS): it was later renamed royalblue Group plc,[2] and consisted of two separate operating divisions, royalblue Financial and royalblue Technologies. royalblue Financial concentrated on the financial trading platform that has become Fidessa today, and royalblue Technologies centred around two separate products - rostrvm,[3] a call centre technology platform, and HelpDesk for Windows. It has been listed on the London Stock Exchange since 1997.[4] In 2001 the company divested itself of the Technologies division and focused entirely on the Financial business.

With the group's core trading platform, Fidessa, being better known in the market place, the Royalblue Group plc changed its name to Fidessa Group plc following shareholder approval at the AGM held in April 2007.[5] The change of name took effect on 1 May 2007.

In April 2007 the company also bought out the privately owned buy side trading provider LatentZero.[6] This was then rebranded as Fidessa LatentZero.[7]

In November 2008, Fidessa launched its Fidessa Fragmentation Index (FFI).[8] This helps to show how fragmented stocks are across exchanges following the MiFID European landscape. Since its inception it has highlighted as one of the most interesting technical developments in the financial sector in 2008 by Finextra.[9] The FFI project was extended in November 2009 with the launch of the Fragulator.[10]

Operations

Market penetration

Around 70% of all securities transactions in London are handled by Fidessa systems.[11]

Products

Fidessa

A sell-side suite used by 85% of the tier one global equity brokers.[12] It provides trading, market data, order management and execution capabilities.

Fidessa LatentZero

A buy-side Order Management System (OMS) suite used by 8 out of 10 of the largest global asset managers. It provides trading, order management, portfolio modelling and execution capabilities.

FIX Network

In addition to a trading platform, Fidessa host a broker neutral FIX-enabled execution network. This has a large number of brokers connected to it and is similar to other inhouse FIX networks, such as the LSE Hub, the SunGard Transaction Network (STN) and Thomson Reuters subsidiary TradeWeb's Autex Trade Route.

HFT Platform

Because of a radical overhaul to the matching engine at the Tokyo Stock Exchange.[13] A boom in High frequency trading in Asia has begun. Fidessa has developed an Ultra Low Latency Direct Market Access platform. (ULLDMA). Based upon the Asian focused JMIS Line handlers, Fidessa`s HFT platform includes Pre-trade risk checks, integration with Algo engines and other rich functionality purposely designed to help Brokers and High Frequency traders. Even though the system includes rich functionality, performance through the Gateway, like all HFT systems, is measured at the Microsecond Level.[14]

Clients

Fidessa's clients tend to be mid to large size financial institutions.

References

  1. ^ a b c "Preliminary Results 2009" (PDF). Fidessa. Retrieved 2010-03-20.
  2. ^ Royalblue Group Forbes, 2000
  3. ^ Rostrvm Solutions: Website
  4. ^ Fidessa: Corporate
  5. ^ "Royalblue to change name, looking for acquisitions". Reuters. 12 February 2007.
  6. ^ Royalblue to acquire LatentZero press release, 17 April 2007
  7. ^ Bobsguide - Fidessa Latentzero Minerva Oems Provides Access To Fx Connect
  8. ^ Fidessa Fragmentation Index (FFI)
  9. ^ Fidessa fragmentation index recognised as major innovation
  10. ^ Fragulator
  11. ^ Sandle, Paul (16 February 2009). "Fidessa beats FY forecasts, sees 2009 growth". Reuters. Retrieved 2009-03-13.
  12. ^ About Fidessa
  13. ^ http://www.tse.or.jp/english/news/201001/100102_a.html Trading in Tokyo Enters the Microsecond level,
  14. ^ https://www.credit-suisse.com/news/en/media_release.jsp?ns=41401 Trading systems deliver less than 1ms delay.
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