Fidessa’s hosted trading solution comprises specialist trading platforms developed for the US, Canadian, European, Japanese and Asian markets, including electronic order management, smart order routing, real-time market data, middle office capabilities, position keeping, risk management and compliance in a single system.
Advanced trading tools are fully integrated with the OMS including: PAIRS and program trading and Fidessa BlueBox, Fidessa’s algorithmic trading engine, for algorithmic trading. The integration of such functionality enables ticketless transactions and improves trading workflow and cost efficiencies.
In addition to the order management functionality, Daiwa Capital Markets America will be using the built-in benchmark and execution algorithms in BlueBox.
Martin Price, VP for information technology at Daiwa Capital Markets America, said: “Fidessa’s technology will help us streamline our business by automating a number of previously manual processes. It will also remove the difficulties we’ve had in the past managing the communication between disparate systems by giving us a single platform.
“Fidessa has a reputation for being the market-leader, but for being the expensive choice. However, we found that costs were comparable with the other solutions we were considering. The difference was that Fidessa gives us far more for our money, and will be instrumental in supporting us as we grow.”
