Stockholm-based securities firm Erik Penser Fondkommission AB has joined Fidessa Group PLC’s global connectivity network.
Erik Penser FK provides a range of broker services for institutional clients trading equities on the Stockholm, Copenhagen, Oslo and Helsinki stock exchanges.
This agreement enables Erik Penser FK to offer its services, including DMA and care order handling, across Fidessa’s global FIX connectivity network which provides access to 230 brokers, 1300 buy-side institutions and 83 exchanges worldwide.
“Our aim is to provide an enriched brokerage service to our institutional clients, combining traditional and electronic brokerage for firms wishing to trade on the regional markets in which we have particular expertise. Fidessa is one of the first gateways we’ve added to our e-broking service and we’re delighted to be able to provide clients across that network with execution capabilities across the Nordic securities markets,” says Robert Andersson, head of Electronic Trading, Erik Penser FK.
Erik Penser FK was the first Nordic broker to place its entire trading infrastructure within the new proximity service launched by the OMX Exchange in October 2007 enabling it to offer very low-latency DMA services for the Nordic exchanges.
“We’re delighted that Erik Penser FK has signed up to our global network. The ability to access liquidity in the Nordic markets through a specialist broker will further enhance the services offered by Fidessa to our client base,” adds Simon McDowell, connectivity director, Fidessa.