20 September 2017
Visit http://response.ncr.com

Knight Link joins Fidessa global connectivity network

20 May 2008  |  1910 views  |  0 Source: Fidessa

Fidessa group (LSE:FDSA), the leading provider of trading systems, market data and global connectivity, today announced the addition of Knight Link as a new trading venue for Fidessa users seeking off-exchange liquidity.

Knight Link provides a new way to access Knight Capital Group Inc's deep pool of liquidity, providing rapid order execution in more than 7,300 securities. Fidessa users can now send IOC orders to Knight Link, which will be executed or cancelled almost immediately.

Knight Link is designed for those looking for immediate execution, little or no market impact and liquidity in small-caps and difficult-to-trade securities. With Knight Link, Fidessa users are now exposed to even more liquidity, as Knight Capital regularly trades greater equity volume than any US exchange - 3.75 billion per day (ADV 2007). While many offerings in this space may seem to have similarities, Knight Link's volume is an important differentiating factor. Knight Link executes approximately 100 million shares per day (March 2008).

"We are very excited to be partnering with Fidessa as this is a new stage in the evolution of Knight Link," said Jamil Nazarali, Managing Director and Head of Broker-Dealer Electronic Trading at Knight. "With Knight Link, Fidessa users will have access to higher fulfilment rates, rapid response times and Knight's deep pool of liquidity."

Martin Hakker, EVP Marketing at Fidessa comments, "We are very happy to expand our relationship with Knight, and this agreement provides our customers with access to their Knight Link service further complementing the routing and smart order routing capabilities already present within Fidessa's suite of trading solutions."

The Fidessa product suite provides integrated trading, market data and connectivity solutions to over 22,000 users at around 520 clients around the world, and serves over 85% of global, tier-one equity brokers. The Fidessa network provides connectivity to around 1,500 buy-side institutions, 255 brokers and 92 exchanges globally.

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)
download the paper nowvisit www.temenos.comvisit www.vasco.com

Who is commenting?

Top topics

Most viewed Most shared
HSBC switches on selfie payments in ChinaHSBC switches on selfie payments in China
11260 views comments | 24 tweets | 40 linkedin
Equifax hack: Visa and Mastercard flag 200k compromised credit cardsEquifax hack: Visa and Mastercard flag 200...
10509 views comments | 6 tweets | 17 linkedin
Dutch bank sentences teenage DDoS culprit to community serviceDutch bank sentences teenage DDoS culprit...
9259 views comments | 6 tweets | 3 linkedin
UAE banks pool cyber security dataUAE banks pool cyber security data
7773 views comments | 5 tweets | 4 linkedin
Apple P2P payments service nears launchApple P2P payments service nears launch
7538 views comments | 18 tweets | 26 linkedin

Featured job

New York, NY - USA (some flexibility on location)

Find your next job