18 August 2017
Find out more

Capstone Global Markets live with Fidessa for options trading

19 October 2009  |  1545 views  |  0 Source: Fidessa

Fidessa group (LSE:FDSA), provider of award-winning trading solutions for the buy-side and sell-side, today announced that Capstone Global Markets, LLC (CGM), is the first broker dealer to go live on its fully hosted and integrated options and equities trading platform in the US.

Fidessa's US hosted platform provides a proven, cost-effective equity trading solution targeted at small and mid-tier firms. The addition of options trading to this solution enhances the complete and comprehensive nature of this system, which also incorporates integrated market data, charts and news.

CGM, an innovative, multi-strategy broker dealer that specializes in the execution and trading of volatility as an asset class globally, can now manage their option and equity positions and data all on a single platform. This offers CGM operational and cost efficiencies resulting from the combining of multiple trading systems, and minimizes risk by reducing the number of different systems involved. CGM will also use BlueBox, Fidessa's integrated algorithmic trading engine which allows them to trade algorithmically using their own memberships.

Randal Scharringhausen, a principal at CGM says, "We chose the Fidessa trading platform because its robust, functionally rich options and equity trading capabilities allow us to manage our customer order flow more effectively. This complements the focus on client service that our boutique environment provides."

Scharringhausen adds, "Scalability was also an important selling point. We wanted a global solution to support both our options and equities business lines, and that could ultimately be rolled out to our European office following the US deployment. Fidessa has worked closely with us to understand our requirements and we look forward to working with them as our business continues to expand."

David Polen, SVP hosted product marketing at Fidessa, comments, "Increasingly, brokers are looking to provide a 'one-stop-shop' for all their clients' trading needs. To support this, we've enhanced our existing trading platform to allow firms to trade and clear complex options. Fidessa now brings the same innovation and dependability to options trading desks that we currently deliver to 85% of the the world's tier-one equities trading desks."

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 www.worldpaymentsreport.comvisit www.dorsum.eudownload the paper now

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
7373 views comments | 21 tweets | 22 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
7235 views comments | 19 tweets | 23 linkedin
hands typing furiouslyWhy Blockchain Might Not Be The Future For...
5974 views 1 | 5 tweets | 3 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
5825 views comments | 10 tweets | 7 linkedin
Apple sidelined as Beijing transit system launches payments appApple sidelined as Beijing transit system...
5799 views comments | 11 tweets | 9 linkedin

Featured job

£100-120K Basic dependent on experience plus subst...

Find your next job