Charles Stanley rolls out Fidessa market data terminals

Charles Stanley rolls out Fidessa market data terminals

UK stockbroker Charles Stanley has deployed 103 Fidessa market data terminals at its London headquarters and across 13 regional offices.

Charles Stanley is using the Fidessa system, which is owned by equity trading systems vendor royalblue, to provide users with market data access to the UK equities market. The system delivers integrated real-time market data, research, historical charts and fundamental data.

Royalblue says Fidessa replaced Thomson Financial's Topic product at Charles Stanley.

Mike Pitts, IT director at Charles Stanley, says the company's own users chose the Fidessa product over terminals from London Stock Exchange-owned Proquote and KTS terminals. But the stockbroker did order 80 dealing screens from Proquote in November last year and staff also use KTS' QuoteTerminal product.

Simon Barnby, business development manager for Fidessa, says institutions such as Charles Stanley can typically reduce market data costs by up to 50% under the vendor's commodity pricing model which allows clients to pay just for the data they want, rather than an expensive all-or-nothing package.

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