Fidessa group plc (LSE: FDSA), provider of high-performance trading, investment management and information solutions for the world's financial community, today announced that AltaCorp Capital Inc. (AltaCorp), Canada's newest institutional financial advisory firm, has gone live with its Canadian trading platform on a Software as a Service (SaaS) basis.
Operating since January 2011, Calgary-based AltaCorp, which also has offices in Toronto, has selected Fidessa in part to support its growth ambitions.
AltaCorp will benefit from Fidessa's world-class order and execution management and its highly sophisticated smart order routing (SOR) technology to maximize trading opportunities across its chosen markets. In addition, AltaCorp will have access to more than 150 trading venues via Fidessa's global FIX connectivity network, enabling it to provide DMA, care and algo services to clients worldwide.
George Gosbee, president and CEO of AltaCorp, said: "Many of the team at AltaCorp first experienced Fidessa at a previous investment banking firm. We used the Fidessa trading platform across every region we traded in. Based on that experience, and the confidence we had in their products and people, we chose to build out AltaCorp's trading infrastructure on a Fidessa foundation from the outset. The trading platform is helping us grow AltaCorp into other markets, most notably the U.S., and we felt very strongly that there was no other technology partner that could provide the rich functionality and the room for growth we were looking for in our Canadian operations."
Martin Hakker, managing director at Fidessa Canada, said: "I am delighted that AltaCorp has chosen Fidessa's Canadian trading platform as the foundation for its trading operations. Selecting the right trading technology can give firms the critical head start they need to compete and grow in competitive markets. Our scalable system and partnership approach makes us the ideal choice for an ambitious firm, and we are thrilled to be resuming our relationship with George Gosbee and his team."