21 February 2018
visit www.ebaday.com

Fidessa introduces routing service for Canada's Pure Trading

29 October 2007  |  1500 views  |  0 Source: Fidessa

Fidessa group plc (LSE:FDSA) today announced the recent launch of its Smart Routing Service for the Canadian capital market system.

The addition of smart routing to Fidessa's Canadian Trading Platform (CTP) was coordinated with the launch of continuous auction trading at Pure Trading, the first Canadian displayed market alternative to the Toronto Stock Exchange. The smart routing enhancement within CTP offers brokerage clients an advanced solution for achieving best execution in a market system with multiple displayed quotes. Additional displayed markets, now under development, will further drive the need for smart routing in Canada's capital market system.

Some of the key features Fidessa CTP offers brokers include: consolidated market data displays, an advanced "point and shoot" capability which allows traders to hit multiple orders regardless of the exchange on which they reside, and enhanced electronic order audit trails so traders can develop historical execution data for each exchange. Furthermore, Fidessa CTP has the advantage of providing firms with a single, robust trading platform, as opposed to multiple trading applications, which might result in slower executions and inferior prices.

"We have worked diligently with Pure Trading in anticipation of their launch and, through working closely with our customers, we've been able to provide them with the readiness needed to trade in the new Canadian capital markets. We have also had the added benefit of being able to leverage Fidessa's experience and expertise in the US, where multiple marketplaces have existed and matured over several years," said Ronald Lee, head of Fidessa Canada. "As the concept of having multiple execution points continues to evolve in Canada, so will Fidessa CTP," adds Lee.

Fidessa CTP combines electronic order and execution workflow along with real-time, multi-currency trading, position keeping and reporting. Fidessa CTP's advanced trading tools include: Pairs trading, List Management and Wave trading tools along with Fidessa BlueBox; Fidessa's algorithmic management system (AMS) that is totally integrated within the Fidessa OMS. Comprehensive, integrated real-time, market data is seamlessly integrated into Fidessa CTP and includes fundamentals, charts and historical trade time and sales displays.

"We are looking to adapt and implement more of these advanced trading features that our US counterparts are already used to," Lee said. "This will give our customers a tremendous advantage over other firms that are using different vendor applications to reach Canada's new exchanges.

Comments: (0)

Comment on this story (membership required)

Related company news


Related company information

Fidessa group

Related blogs

Create a blog about this story (membership required)
visit www.swift.com/your-needs/instant-paymentsvisit www.ebaday.comVisit http://info.nice.com

Top topics

Most viewed Most shared
ABN Amro moves escrow accounts to the blockchainABN Amro moves escrow accounts to the bloc...
10063 views comments | 15 tweets | 13 linkedin
ECB launches staunch defence of cashECB launches staunch defence of cash
9679 views 10 comments | 22 tweets | 26 linkedin
Coinbase and Visa at loggerheads over erroneous charges on customer crypto accountsCoinbase and Visa at loggerheads over erro...
8447 views comments | 13 tweets | 12 linkedin
BBVA-backed digital banking startup targets gig economy workersBBVA-backed digital banking startup target...
7108 views comments | 8 tweets | 12 linkedin
hands typing furiouslyMaking Customer Experience Your Business
6806 views 0 | 7 tweets | 5 linkedin

Featured job

Hong Kong, Asia-Pacific

Find your next job