Fidessa group (LSE: FDSA), provider of multi-asset trading, market data and global connectivity solutions, today announced the addition of member trading on the Madrid Stock Exchange to its European Trader Workstation (ETW).
Launched last year, ETW is designed for small and mid-tier broker/dealers across Europe, providing member and non-member trading services, seamless electronic order handling, powerful order management functionality and sophisticated pre and post-trade analysis tools.
With the addition of member trading on the Madrid Stock Exchange, Fidessa ETW now provides Spanish brokers with a proven trading solution providing powerful execution capabilities and comprehensive market data. ETW provides non-member trading across global markets through the DMA and care services of over 210 brokers on Fidessa's global connectivity network. In addition, ETW enables brokers to receive FIX based inbound order flow from buy-side clients through the Fidessa network which already supports connections to over 1,000 buy-sides globally.
Simon Barnby, global director of marketing communications at Fidessa, comments: "Local brokers face the challenge of keeping abreast with the technological advancements in electronic trading and playing catch up with the global players. By adding member trading to the Madrid Stock Exchange, we are now offering Spanish brokers a powerful and functionally rich trading system. We plan to add more member trading gateways within ETW, in line with client demands."