18 October 2017

Fidessa reports solid first half

30 July 2007  |  3326 views  |  0 ticker 2

UK trading technology vendor Fidessa Group is reporting a strong first half of the year, with revenue and profits rising on the back of increasing demand for its dealing systems and services.

Fidessa posted pre-tax profit of £8.2 million for the six months to 30 June 2007, from £6.1 million a year ago, although this included the effects of its acquisition LatentZero earlier this year. Group increased to £60.7 million, compared to £44.4 million in H1 2006.

The vendor signed 24 new clients to its trading systems in the first half of 2007 and says market conditions remain strong for sell-side trading systems as brokers look to respond to regulatory and market changes and ways of expanding their capabilities into new markets, new regions and new asset-classes and offering more comprehensive services to clients.

"Across both the buy-side and sell-side business market conditions have remained strong with market activity, regulatory change and our own innovative products all helping to develop momentum," says Fidessa CEO Chris Aspinwall.

Fidessa says it has also seen a 65% increase in activity across its connectivity network in the first half. The vendor has also completed two major regulatory/exchange upgrades with the implementation of RegNMS in the US and support for the new London Stock Exchange trading platform, TradElect, in Europe.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Royalblue proposes name change; seeks acquisitions

Royalblue proposes name change; seeks acquisitions

12 February 2007  |  5099 views  |  0 comments
Fidessa launches BlueBox algorithmic trading package

Fidessa launches BlueBox algorithmic trading package

13 October 2006  |  10564 views  |  0 comments

Related company news


Related company information

Fidessa group

Related blogs

Create a blog about this story (membership required)
visit www.innotribe.com visit www.capgemini.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15112 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8333 views comments | 15 tweets | 21 linkedin
hands typing furiouslyHow artificial intelligence can deliver a...
7821 views 0 | 7 tweets | 9 linkedin
satelliteGates Foundation backs Ripple collaboratio...
7229 views comments | 13 tweets | 8 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
6392 views comments | 8 tweets | 16 linkedin

Featured job

London, UK (or flexible)

Find your next job