Nordic broker Erik Penser joins Fidessa connectivity network
28 January 2008 | 1547 views | 0
Fidessa Group PLC (LSE:FDSA), provider of the Fidessa and LatentZero trading solutions for the sell-side and buy-side, today announced that Stockholm-based securities firm Erik Penser Fondkommission AB (Erik Penser FK) has joined its global connectivity network.
With a skilled team of analysts and specialised Nordic markets sell-side knowledge, Erik Penser FK provides a range of broker services for institutional clients trading equities on the Stockholm, Copenhagen, Oslo and Helsinki stock exchanges. This agreement enables Erik Penser FK to offer its services, including DMA and care order handling, across Fidessa's global FIX connectivity network which provides access to 230 brokers, 1300 buy-side institutions and 83 exchanges worldwide.
Robert Andersson, Head of Electronic Trading at Erik Penser FK, commented: "Our aim is to provide an enriched brokerage service to our institutional clients, combining traditional and electronic brokerage for firms wishing to trade on the regional markets in which we have particular expertise. Fidessa is one of the first gateways we've added to our e-broking service and we're delighted to be able to provide clients across that network with execution capabilities across the Nordic securities markets."
Erik Penser FK was the first Nordic broker to place its entire trading infrastructure within the new proximity service launched by the OMX Exchange in October 2007 enabling it to offer very low-latency DMA services for the Nordic exchanges.
Simon McDowell, Connectivity Director at Fidessa, added: "We're delighted that Erik Penser FK has signed up to our global network. The ability to access liquidity in the Nordic markets through a specialist broker will further enhance the services offered by Fidessa to our client base."