Fidessa group (LSE: FDSA), provider of the Fidessa and Fidessa LatentZero trading, market data and global connectivity solutions, has today announced that leading Russian investment bank Otkritie Financial Corporation has joined its global connectivity network.
Moscow-based OTKRITIE, ranked among the top five brokers in the Russian equity market by trading volume, now offers its Direct Market Access (DMA) and Execution Desk Access (EDA) services across Fidessa's global network which provides access to over 255 brokers, 1500 buy-side institutions and 92 exchanges globally.
Roman Lokhov, Managing Director of OTKRITIE, comments: "We are very excited to be partnering with Fidessa to provide our electronic trading services across one of the most extensive global networks available. Our aim is to provide enriched brokerage services to our institutional clients combining technology-neutral DMA and EDA solutions across international markets. Joining Fidessa's extensive network enables us to offer our execution capabilities coupled with very strong expertise across the Russian markets to both buy-side and sell-side firms on that network."
Simon McDowell, Director of Global Connectivity Solutions at Fidessa, adds: "With increasing fragmentation of liquidity we're seeing a high demand for secure, low-latency access to execution venues across Europe and globally. We continue to invest heavily in developing our global connectivity network and are delighted to welcome OTKRITIE. Its Russian market expertise will be a great addition to the range of services we offer our clients."