Jefferies has expanded its implementation beyond US and European trading software to include Fidessas global portfolio trading platform.
The new system, which fully integrates portfolio-trading functionality with Fidessas US trading platform and European trading platform, has resulted in significant cost savings and improved efficiencies. The new software will provide access to 124 exchanges around the world through a single consolidated global trading view. Jefferies traders using the Fidessa platform across the firms offices in the US and Europe can act as one cohesive team, with access to identical trading screens providing visibility into the entire companys equity trading activities.
We decided to work with Fidessa after evaluating several other vendors who ultimately could not offer the broad reach and infrastructure necessary for a truly global integrated solution. Dan Charney, global head of electronic trading services at Jefferies, says. Fidessa has demonstrated that it has the robust functionality, the intuitive user interfaces and the flexibility of approach we need.
Jefferies plans on expanding to Asia next month, Charney says.
The new system extends the trading strategies that we are able to offer our global client base and ensures that all customers who rely on Jefferies for portfolio trading will receive a uniformly high standard of service, regardless of their location. Michael Tsafas, global head of equities technology at Jefferies, says. The successful implementation of this global trading platform is the result of mutual trust and dependability and has extended the global capabilities of both Fidessa and Jefferies in the trading arena.
(CM)