Fidessa group plc (LSE: FDSA), provider of high-performance trading, investment management and information solutions for the world's financial community, has today announced that Octopus Investments, the award-winning multi-manager specialist, has extended its use of Fidessa's Buy-side Workstation in order to trade ETFs.
Already an established user of the Workstation, Octopus first deployed Fidessa's execution management system in 2009.
"Extending our use of Fidessa's Buy-side Workstation was a natural evolution", said Dan Sinclair, OEIC Operations Manager at Octopus Investments. "We needed a solution that would give us a high level of control, allowing us to route our ETF orders to brokers quickly and efficiently, and the Workstation provides that. The ease of integration with our internal systems also complements our robust operational requirements."
Fidessa's Buy-side Workstation is a broker-neutral, low-latency trading workstation with powerful trading functionality that gives greater control of the execution process and provides instant access to cross-asset DMA tools, algorithms and program trading. Delivered as a Software as a Service (SaaS) solution, the Buy-side Workstation is supplied with market data and trading integration via the Fidessa network. The network provides low-latency FIX connectivity between 2,700 buy-sides and 650 brokers across 160 global markets.
Russell Thornton, Global Head of Buy-side Workstation Solutions at Fidessa, added: "We know that robustness, interoperability and responsiveness are crucial for clients. We continue to exceed expectations in these core areas and this is validated by Octopus's decision to extend their use of our Buy-side Workstation for ETF trading. The operational efficiency and risk reduction benefits afforded by the Workstation will translate across Octopus's business, and resonates perfectly with the firm's stated mission to have greater control over their systems and trade processes."