17 July 2018
Visit www.avoka.com

Collins Stewart deploys Fidessa trading tools

27 January 2009  |  2262 views  |  0 Source: Fidessa

Fidessa group (LSE: FDSA), provider of the Fidessa and Fidessa LatentZero trading, market data and global connectivity solutions, has today announced that Collins Stewart (CLST.LN), a leading UK independent investment banking group, has successfully gone live with the full suite of Fidessa's Advanced Trading Tools, which includes List Management, Wave Trading, Pairs Trading and the BlueBox algorithmic trading engine.

Peter Hall, Head of IT and Operations at Collins Stewart, comments: "The complexity of today's trading environment calls for highly automated, reliable and efficient execution, and the increasing use of algorithmic strategies. Fidessa's Advanced Trading Tools, which are fully integrated with our existing Fidessa OMS, enable us to execute client orders faster with minimal manual intervention, providing our customers with best execution, as required under MiFID.

"Thanks to Fidessa's Advanced Trading Tools, we have increased trader productivity significantly, which has already enabled us to generate new client business."

Fidessa BlueBox gives Collins Stewart, a Fidessa hosted client since 2004, access to industry-standard, out-of-the-box algorithms, including VWAP, TWAP, Arrival Price and Percentage of Volume. Fidessa List Management and Wave Trading enable Collins Stewart to trade large mixed baskets while consolidating all trades and performance data in real time. Fidessa Pairs Trading is a set of trading strategies that takes advantage of merger and acquisition structures, and market inefficiencies, in order to obtain profit. The Advanced Trading Tools suite is currently used by three members of Collins Stewart's execution team, allowing them to handle a far greater number of client orders than before.

Julian Garcia-Santos, Head of Client Marketing for Hosted Services at Fidessa in Europe, comments: "We are very excited about extending our partnership with Collins Stewart, which underscores our ability to assist brokers in executing increasingly complex and challenging client orders. Providing high performance, low-latency market data and global exchange connectivity, our Advanced Trading Tools are an easy-to-deploy, cost-effective solution that enables brokers to enter the algorithmic trading space, increase their order flow and demonstrate performance."

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 http://go.jumio.com/finextraAdVisit https://secure.vasco.comVisit info.nice.com

Top topics

Most viewed Most shared
Handelsbanken trials micro contactless cardsHandelsbanken trials micro contactless car...
10379 views comments | 19 tweets | 30 linkedin
Metro Bank opens developer portalMetro Bank opens developer portal
9341 views comments | 5 tweets | 14 linkedin
Anything Visa can do...Mastercard takes time outAnything Visa can do...Mastercard takes ti...
8705 views comments | 6 tweets | 14 linkedin
Citi to streamline corporate receivables with HighRadiusCiti to streamline corporate receivables w...
7734 views comments | 1 tweets | 5 linkedin

Featured job

Find your next job