Source: Royalblue
Royalblue (LSE:RYB), provider of Fidessa, today announced the signing of an agreement with KBC Peel Hunt, the integrated securities house focused on the small and mid-cap sector, to join Fidessa's Retail Service Provider (RSP) network.
The Fidessa RSP network provides access to price quotation and automated trading services for intermediaries servicing the retail investor market.
Under the terms of the agreement, KBC Peel Hunt will provide Fidessa clients with real-time executable quotes in response to requests to buy or sell specific quantities of UK listed equities. Subsequent trades can also be conducted electronically through the network.
The Fidessa product suite currently offers the broadest range of retail trading destinations available within the UK with links to fourteen RSP providers.
Commenting on the agreement, Andrew Franklin, head of electronic trading at KBC Peel Hunt, says: "Fidessa have a leading solution for the provision of RSP services to the UK retail broker market. We are delighted to have signed this agreement with Fidessa, and look forward to the benefits of a strong partnership."
Simon Barnby, business development manager for Fidessa, adds: "Adding KBC Peel Hunt to our RSP network is in tune with our strategy to offer greater value to our client base. A broad choice of RSPs coupled with Fidessa's best execution functionality means users get fast access to the best prices."
The Fidessa RSP network is available through the Fidessa product suite or through direct FIX network connectivity. Fidessa provides fully integrated trading, market-data and connectivity solutions to around 7,000 users globally.