JonesTrading rolls out Fidessa trading technology

Source: Fidessa

Fidessa group (LSE:FDSA) provider of trading systems, market data and global connectivity, today announced that block trading specialists, JonesTrading Institutional Services LLC (JonesTrading), has implemented Fidessa's global trading technologies to grow its international trading business.

Leveraging Fidessa's global technology expertise and extensive connectivity network, JonesTrading has deployed Fidessa's global trading service and program trading technologies to support the activities of the firm's recently launched international trading desk. These services come fully integrated with their Fidessa trading platform in the US. The firm will focus initially on providing its clients with 24/6 execution services in Europe, Asia and Canada, expanding into additional regions based on client demand. Fidessa's global trading service will enable JonesTrading to execute large baskets of international, as well as domestic securities for its clients.

Further expanding their international trading capabilities in 2009, JonesTrading Canada Inc. will also be implementing the Fidessa trading platform at their Toronto office. The Fidessa Canadian trading platform will provide JonesTrading Canada Inc. with electronic cross-border order management, smart routing, real-time market data, middle office capabilities, position keeping, risk management and compliance, all in a single platform.

"JonesTrading has developed a leading block equities trading business by focusing on strong relationships and experienced sales traders," said Will Geyer, President and CEO at JonesTrading Institutional Services. "Our strategy is to take that model and apply it globally across all asset classes. Fidessa represented the best-of-breed product set and focused on making our priorities their priorities. Fidessa's hosted trading platform provides a strong foundation, enabling our traders to communicate more efficiently and enhancing their ability to optimally manage increased order flow across international markets."

Added David Polen, SVP of hosted product marketing at Fidessa, "We have worked diligently to understand JonesTrading's requirements and vision. We are proud to be helping them navigate and adapt to the international trading landscape by providing theng them with a spectrum of robust and scaleable trading solutions. These solutions enhance their traders' specific expertise in block trading and enable them to provide their clients with a one-stop-shop for all their execution needs."

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