Royalblue, the supplier of Fidessa, says that SEB Enskilda Equities are now receiving order flow from Fidessa’s global connectivity network. Fidessa users are now able to route DMA and care order flow through SEB Enskilda Equities, taking advantage of its dominant position within execution as well as clearing and settlement in the Nordic markets.
The agreement enables Fidessa users to execute cash equities and CFDs across 20 European markets including Sweden, Denmark, Norway and Finland as well as Xetra, Euronext, LSE and Virt-X.
“We are pleased to strengthen our offering within electronic trading with such a reliable, high performance and well known product as Fidessa,” says Robert Anderson, responsible for DMA at SEB Enskilda Equities. “Our partnership with Fidessa also opens up a whole new market of over 9,300 users for us to tap into and offer our local expertise.”
SEB joins some 170 financial players on Fidessa’s global connectivity network which includes Barclays, Bear Stearns, Cheuvreux, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC, Lehmans, Merrill Lynch, Morgan Stanley and UBS providing execution services for global markets.
“We are proud to have such a dominant regional force join the raft of tier one brokers on our connectivity network,” adds Simon McDowell, the director of execution services at Fidessa. “This underlines our commitment to add regional specialists with local expertise as well as tier-one brokers with global reach. Our strategy is to provide our users with the greatest possible choice of trading venues which is inline with the forthcoming MiFID regulations on best execution.”