Fidessa boosts Deutsche Bank offering

Source: Fidessa group

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 it has extended its global reach through an enhanced relationship with Deutsche Bank.

Members of the Fidessa network can now connect to its dark pool, Deutsche Bank SuperX ATS, giving them access to all tier one brokers in the US. Additionally, Deutsche Bank's algorithms and smart order router will be incorporated into the Fidessa US trading platform.

Justin Llewellyn-Jones, Chief Operating Officer at Fidessa US, said: "The strength of the Fidessa network lies in its global reach, its robust infrastructure and the breadth and diversity of member organizations that offer quality services. Members benefit from increased flow and gain low risk, cost-efficient access to the world's most important lit and dark trading destinations. We are constantly on the lookout for opportunities to extend the network's footprint and ensure the completeness of its coverage. To this end, we are delighted to build on the relationship that Fidessa has enjoyed with Deutsche Bank. The addition of its SOR and algorithmic services to the US trading platform along, with access to SuperX ATS through our network are very attractive enhancements to an already compelling proposition."

Access to the Fidessa network will significantly increase the number of firms that are able to access SuperX ATS and make Deutsche Bank's smart order router and algorithmic services available to all of its members, regardless of their location. Fidessa has one of the world's most wide-reaching and powerful trading networks, connecting 2,700 buy-sides, 650 brokers and 160 markets across the Americas, EMEA and Asia and carries order flow of more than US$10 trillion per year. 

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