JonesTrading Taps Into Fidessa to Support its International Trading Business
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NEW YORK--(Business Wire)-- Fidessa group plc (LSE: FDSA), provider of trading systems, market data and global connectivity, today announced that block trading specialists, JonesTrading Institutional Services LLC (JonesTrading), has implemented Fidessa`s global trading technologies to grow its international trading business. Leveraging Fidessa`s global technology expertise and extensive connectivity network, JonesTrading has deployed Fidessa`s global trading service and program trading technologies to support the activities of the firm`s recently launched international trading desk. These services come fully integrated with their Fidessa trading platform in the US. The firm will focus initially on providing its clients with 24/6 execution services in Europe, Asia and Canada, expanding into additional regions based on client demand. Fidessa`s global trading service will enable JonesTrading to execute large baskets of international, as well as domestic securities for its clients. Further expanding their international trading capabilities in 2009, JonesTrading Canada Inc. will also be implementing the Fidessa trading platform at their Toronto office. The Fidessa Canadian trading platform will provide JonesTrading Canada Inc. with electronic cross-border order management, smart routing, real-time market data, middle office capabilities, position keeping, risk management and compliance, all in a single platform. "JonesTrading has developed a leading block equities trading business by focusing on strong relationships and experienced sales traders," said Will Geyer, President and CEO at JonesTrading Institutional Services. "Our strategy is to take that model and apply it globally across all asset classes. Fidessa represented the best-of-breed product set and focused on making our priorities their priorities. Fidessa`s hosted trading platform provides a strong foundation, enabling our traders to communicate more efficiently and enhancing their ability to optimally manage increased order flow across international markets." Added David Polen, SVP of hosted product marketing at Fidessa, "We have worked diligently to understand JonesTrading`s requirements and vision. We are proud to be helping them navigate and adapt to the international trading landscape by providing them with a spectrum of robust and scaleable trading solutions. These solutions enhance their traders` specific expertise in block trading and enable them to provide their clients with a one-stop-shop for all their execution needs." Fidessa's global trading service is fully integrated with Fidessa's award-winning trading platform, giving traders a consolidated view of both their international and domestic orders and positions. Traders also benefit from Fidessa`s network of global ticker plants that provide low-latency market prices direct from the trading venues in each region, together with news, fundamentals, charts and analysis. About Fidessa group Fidessa group is a leading supplier of multi-asset trading, portfolio analysis, decision support, compliance, market data and global connectivity solutions for the buy-side and sell-side globally. Available as a simple workstation or as an integrated application suite, the Fidessa products and services are built on the clear vision of providing the richest functionality, coverage and distribution to all tiers of the financial markets community. The Fidessa suite is used by 85% of tier-one, global equity brokers as well as niche regional players, providing powerful multi-asset trading, order management, compliance and middle-office capabilities, along with sophisticated algorithmic trading and smart order routing services. The Fidessa LatentZero suite is used by the world`s largest asset management firms through to smaller specialist boutique managers and hedge funds, providing 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. Fidessa`s global network carries over 180 million messages a month covering DMA, Care and Algorithmic orders, Indications of Interest and FIX Allocations between over 2,200 buy-sides and 360 brokers across 115 markets worldwide. Headquartered in London and with offices in New York, Boston, Tokyo, Hong Kong, Paris, Toronto, San Francisco and the Kingdom of Bahrain, Fidessa serves over 22,000 users across 630 clients globally. Fidessa group was founded in 1981, has revenues of £189.1m, employs 1,400 people and has been fully listed on the London Stock Exchange (FDSA) since 1997. www.fidessa.com www.latentzero.com Fidessa is a registered trademark of Fidessa Group plc All product and company names herein may be trademarks of their registered owners. About JonesTrading JonesTrading Institutional Services LLC is one of the oldest and largest pure execution-only trading firms in the U.S., and a worldwide leader in U.S. block trading. Since 1975, the sole focus of JonesTrading has been creating liquidity for institutions on an agency basis. The ability to provide a secure, trusted platform connecting a diverse group of market players enables the firm to unlock liquidity, providing best-quality execution for larger and more complex trades. www.JonesTrading.com Fidessa Lisa O'Reilly, +1 212-269-9000 lisa.oreilly@fidessa.com or Spring O`Brien, for Fidessa Marc Weinstein, +1 212-620-7100, ext. 216 marcw@spring-obrien.com Copyright Business Wire 2009
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