Fidessa Launches Round-The-Clock Trading In The US

Fidessa group plc provider of trading systems, market data and global connectivity, launches round the clock trading for its global trading service. Fidessa's global trading service is a fully integrated international trading service available within its US hosted trading platform.

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Fidessa group plc provider of trading systems, market data and global connectivity, launches round-the-clock trading for its global trading service. Fidessa’s global trading service is a fully integrated international trading service available within its US hosted trading platform.

The over-night trading service enables Fidessa’s US users to execute orders across the following Asian markets: Hong Kong, Thailand, Korea, Indonesia, Phillippines, Malaysia, China, Taiwan, India, New Zealand, Australia, Singapore and Japan. The global trading service already supports access to Canadian, European and Latin American markets within their respective trading hours.

The new service provides Fidessa’s US clients with a scalable solution for setting up an overnight trading desk. With trading volumes across the Asian markets increasing rapidly, providing executions and market color during market hours is a necessity for US brokers expanding their global trading business.

“Fidessa remains committed to providing the tools and services that our brokerage clients need to remain one step ahead of their competition,” says David Polen, SVP of product marketing at Fidessa in the US. “Asia’s equities markets are becoming increasingly electronic; market volumes are rising, and traders are becoming more active. In order to compete effectively on a global scale, US brokers need to provide a higher level of execution tools and services. Round-the-clock trading enables our clients to provide their clients a global reach.”

Fidessa global trading service includes electronic order receipt, routing and execution, while fulfilling US regulatory and compliance obligations. It supports orders in each market’s local currency and tracks positions in international stocks with a real-time P&L valuation in the native currency, and a rolled up real-time P&L in US dollars.

D.C.

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