Fox-Davies Capital live with Fidessa's European Trader Workstation

Source: Fidessa

Fidessa group (LSE: FDSA), provider of multi-asset trading, market data and global connectivity solutions, today announced that Fox-Davies Capital Limited (FDC), London-based broker/dealer and advisor to the natural resource sector, has gone live with Fidessa's European Trader Workstation (ETW) for member trading on the London Stock Exchange (LSE).

Fidessa implemented ETW in six weeks following signature of the contract, and the firm went live on 10 August 2007. Through ETW, FDC can now receive increased FIX-based inbound order flow from buy-side clients through the Fidessa connectivity network which already supports connections to over 1,300 buy-sides globally.

Daniel Fox-Davies, Managing Director, at FDC says: "We wanted a professional cost-effective, but scalable solution that would enable FDC to compete with the more established players. We were aware of Fidessa's impressive client list and when we learned that Fidessa's technology was available as a fully-hosted workstation it was clear that ETW would enable us to leapfrog our peers."

Fidessa ETW is a fully managed and hosted trading solution that provides FDC with advanced client order handling features, best execution facilities and a full internal audit trail that helps them achieve their MiFID obligations.

Simon Barnby, global director of marketing communications at Fidessa adds: "We designed the robust execution tools and extensive market data capabilities within the ETW solution specifically with niche brokers in mind. We are thrilled to be working in partnership with FDC and look forward to a strong and lasting relationship."

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