Fidessa expands network with nine new US options brokers

Source: Fidessa

Fidessa group plc (LSE:FDSA), provider of award-winning trading solutions for the buy-side and sell-side, today announced the addition of nine brokerage firms offering US options execution services to its global connectivity network.

This follows the successful launch of Fidessa's integrated options and equities trading platform for the sell-side in the US in October 2009.

Ballista Securities LLC, Barclays Capital, BofA Merrill Lynch, Citi, ConvergEx Group's LiquidPoint, Credit Suisse, Goldman Sachs, OnPoint Executions LLC and Penson Financial Services, Inc. are now all available on the Fidessa network to offer options execution services. These services on the global network encompass high-touch, DMA and algorithmic trading services, and are all fully integrated within the Fidessa options and equities trading platform.

Access to these brokers' services is available via a direct FIX connection or fully integrated into Fidessa's own buy-side and sell-side trading solutions.

Martin Hakker, EVP marketing at Fidessa comments: "We're committed to expanding our global network to provide the broadest possible range of execution services on a global basis, and the addition of these brokers that can offer options execution services really reinforces that strategy. Following the introduction of options functionality on our US sell-side trading platform earlier this year, we expect to see a real upsurge in the automation of options trading in 2010."

Hakker adds: "These brokerage firms see the benefits of the Fidessa community, and are able to offer their market-leading options, DMA, high-touch and algorithmic trading solutions to both the buy-side and sell-side via one of the largest trading networks in the industry."

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