royalblue (LSE:RYB), provider of Fidessa, today announced it has signed Tullett Liberty Equities (TLE) to become a member of Fidessa’s global connectivity network. TLE is the global equities division of Tullett Liberty one of the world's leading independent financial broking groups.
This partnership will allow Fidessa users to benefit from TLE’s execution capabilities in more than 30 stock exchanges world-wide. TLE offers DMA trading along with algorithmic trading services and supports a wide range of client order types – including VWAPs, pairs trading, basket trading, risk arbitrage, guaranteed VWAP crossing, grey markets and program trading. With its extensive coverage, TLE is also able to offer execution in both liquid and illiquid stocks.
Commenting on the agreement, Les O’Malley, Managing Director of TLE, says: "We are pleased to partner with Fidessa which will significantly extend our community of users. Fidessa client’s will benefit from our global market access, superior execution, anonymity and access to independent research and valuation services."
Simon Barnby, business development manager for Fidessa, adds: "We are pleased to be adding TLE to our Fidessa global connectivity network. TLE with its extensive market coverage, expertise in global cash equities and automated trading systems, allows us to extend the execution services provide to our clients."
TLE becomes part of Fidessa’s multi-broker order routing network which offers connectivity to a number of major brokers, including Fischer Partners, CA Cheuvreux, Refco Securities, Carax, and Calyon Securities, covering numerous European and US markets.
Fidessa's connectivity network provides a fully normalised, broker-neutral solution for clients wishing to route order flow to a variety of sell-side destinations. Typical uses of the network include buy-side to sell-side connectivity and broker-to-broker connectivity to support non-member trading across numerous markets. Access to the Fidessa order routing network is available from the Fidessa Trading Platform, through the Fidessa Workstation, as well as by direct FIX network connectivity.
The Fidessa product suite offers integrated global connectivity, market data and trading solutions to around 6,500 users globally.