Royalblue (LSE:RYB), provider of Fidessa, today announced that Goldman Sachs, a leading global investment bank, has selected Fidessa as an additional distribution platform for buy-side listed derivatives flow.
Fidessa's global connectivity network provides a highly resilient solution for routing buy-side order flow to broker destinations. Through Fidessa's network, users will now have the capability to route listed derivatives, cash equities and algorithmic orders, across 60 exchanges and 23 countries, to Goldman Sachs.
Brad Hunt, Managing Director, from Goldman Sachs comments: "We are pleased to offer our clients a sophisticated trading solution, by using Fidessa's global connectivity network to access listed derivatives and cash equities liquidity. As we recognise the value in a broker neutral platform, we look forward to further developing our existing relationship with Fidessa."
Steve Grob, director of derivatives at Fidessa adds: "This deal is further evidence of the convergence of asset classes in the brokerage world. We have worked hard to reflect the competitive offerings of each broker both on our network and within Fidessa's buy-side execution management workstation. We're pleased to be adding support for derivatives flow to such a blue-chip organisation as Goldman Sachs."
Fidessa's network provides connectivity for over 170 brokers to over 750 buy-sides worldwide, both through direct FIX links and via Fidessa's own execution management front end. Fidessa's execution management workstation offers buy-side trading desks a multi-asset order management and execution solution with fully integrated real-time market prices, news and fundamental data which allows traders to smart-route orders to a variety of DMA, algorithmic and care order services globally.
The Fidessa product suite provides integrated multi-asset trading, market data and connectivity solutions to over 9,300 users at over 260 clients around the world, and serves over 85% of global, tier-one equity brokers.