Fidessa integrates Liquidnet to EMS

Source: Fidessa

Liquidnet the institutional equities marketplace, and Fidessa group, provider of high-performance trading, portfolio analysis, compliance, market data and global connectivity solutions for the buy-side and sell-side, announced today that Liquidnet's electronic trading services has been integrated directly into Fidessa's broker-neutral low latency EMS Workstation trading platform for equities.

Through this partnership, EMS Workstation users will now have seamless access to over $12.5 trillion in block liquidity from Liquidnet's more than 630 Global Members spanning 39 equity markets.

The alliance will further boost execution capabilities, with Liquidnet and Fidessa collaborating on functionality that provides real-time interaction between Fidessa's EMS trade blotter and Liquidnet's block pools--thus providing traders with unparalleled access to block liquidity.

Fidessa's EMS Workstation's open technology framework and advanced Software Development Kit (SDK) made it possible to introduce the unique offering directly within an EMS, and enables Liquidnet to deploy future offerings itself into the EMS Workstation.

Adrian Fitzpatrick, Head of Investment Dealing at Aegon Asset Management, and an independent non-executive director of Liquidnet Europe, explains, "We sought an innovative, secure, quick to deploy, broker neutral solution that would allow us to deliver the very best execution services for our clients. Due to its additional functionality which goes beyond a patented blotter scrape, we are able to achieve superior order control."

John Barker, Head of International at Liquidnet comments, "This is yet another example of how Liquidnet continues to introduce new functionality and trading strategies that will enhance the experience for our Members and program trading clients. By deploying this integration with Fidessa's platform, we maintain our drive to achieve the optimal platform for interacting efficiently with our safe block liquidity. We continue to look for opportunities to partner with broker neutral platforms where our Members can benefit."

Russell Thornton, Global Head of EMS Product Marketing at Fidessa adds, "We are thrilled to be working with Liquidnet in this highly competitive market where the quality of execution services is such a differentiator. Fidessa is fully committed to developing meaningful solutions that fit the uniique needs of the asset management community."

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