Royalblue says UK market maker Winterflood Securities has bought its Fidessa Workstation to supply it with market data.
Winterflood – which is now part of Close Brothers Group, a private banking and corporate finance house – replaced 14 market data positions with Fidessa Workstation earlier this year and is adding it to a further 59 positions. Fidessa Workstation is supplying Winterflood users with fully integrated real-time market data, research, historical charts and fundamental data.
“We decided to migrate to Fidessa Workstation for its reliability, depth of content and state of the art front-end technology,” says Philip Yarrow, director of electronic trading at Winterflood. “Fidessa Workstation’s transparent pricing model seamlessly marries the users’ needs with that of the business.”
Fidessa Workstation has direct feeds from exchanges to ensure timely, accurate and reliable information. Users can also pay for the coverage and functionality their users need only. As a result financial institutions can typically reduce market data costs by up to 50%, claims Royalblue.
“We are delighted to be extending our partnership with Winterflood,” says Simon Barnby, head of strategy for Fidessa Workstation. “Yet another firm, when given the choice, chose Fidessa, thus endorsing our belief that Fidessa Workstation is the premiere product for fully managed market-data services.”
Royalblue claims Fidessa supports 85% of tier-one equity brokers globally, and services 7,500 users at over 150 institutions.