Citadel Securities joins Fidessa network
05 October 2009 | 1392 views | 0
Fidessa group plc (LSE:FDSA), provider of award winning trading, compliance, market data and global connectivity solutions for the buy-side and sell-side, has today announced that Citadel Securities has joined its global connectivity network.
Citadel Securities offers execution coverage in cash equities across US and European markets and is a prominent market maker in the UK RSP space. The firm provides liquidity to its clients bilaterally and via the European MTFs. Citadel Securities has recently made a strategic investment in Equiduct, the electronic trading platform operated by Börse Berlin AG.
Matteo Cassina, President, Citadel Execution Services Europe, commented: "We are delighted to offer clients access to our superior execution capabilities via Fidessa's global network."
Simon McDowell, Managing Director - Connectivity at Fidessa, adds: "As the landscape for European equities trading continues to evolve, demand for electronic execution services on both traditional exchanges and the new MTFs continues to increase. We're pleased to welcome Citadel Securities whose extensive execution services are now available across our network."
In the first half of 2009, Fidessa's global connectivity network has seen considerable growth, and now carries $600 billion of flow a month covering DMA, Care and Algorithmic orders, IOIs and FIX Allocations between over 2,300 buy-sides and 400 brokers across 120 markets worldwide.