JonesTrading Taps Into Fidessa to Support its International Trading Business

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Mon Jun 1, 2009 11:54am EDT

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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