Fidessa group plc, provider of award-winning trading solutions for the buy-side and sell-side, today announced that Capstone Global Markets, LLC (CGM), is the first broker dealer to go live on its fully hosted and integrated options and equities trading platform in the US.
Fidessas US hosted platform provides a proven, cost-effective equity trading solution targeted at small and mid-tier firms. The addition of options trading to this solution enhances the complete and comprehensive nature of this system, which also incorporates integrated market data, charts and news.
CGM, an innovative, multi-strategy broker dealer that specializes in the execution and trading of volatility as an asset class globally, can now manage their option and equity positions and data all on a single platform. This offers CGM operational and cost efficiencies resulting from the combining of multiple trading systems, and minimizes risk by reducing the number of different systems involved. CGM will also use BlueBox, Fidessas integrated algorithmic trading engine which allows them to trade algorithmically using their own memberships.
We chose the Fidessa trading platform because its robust, functionally rich options and equity trading capabilities allow us to manage our customer order flow more effectively, says Randal Scharringhausen, a principal at CGM. This complements the focus on client service that our boutique environment provides. Scalability was also an important selling point. We wanted a global solution to support both our options and equities business lines, and that could ultimately be rolled out to our European office following the US deployment. Fidessa has worked closely with us to understand our requirements and we look forward to working with them as our business continues to expand.
Fidessas sell-side trading platform provides a full solution for US based firms, incorporating sophisticated functionality for advanced trading tools and compliance. The platform comes complete with integrated market data and connectivity to over 120 markets, 2,300 buy-sides and 400 brokers worldwide.
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