Fidessa group plc (LSE: FDSA), provider of high-performance trading, investment management and information solutions for the world's financial community, has today announced the expansion of its US presence with an office in Chicago. Fidessa chose Chicago to support its expanding client roster and serve as a strong regional base for global futures and options trading.
The new office, located in the Willis Tower, will support new and existing clients that are using Fidessa's global trading solutions for derivatives and other asset classes. Fidessa will staff the office with existing personnel and new hires in Chicago with expertise in the equities and derivatives markets. The office is expected to experience continued growth in 2012, as it provides the market-leading level of service and support which Fidessa clients have come to expect.
Justin Llewellyn-Jones, Chief Operating Officer at Fidessa US, comments: "We are delighted to continue our long-term derivatives growth strategy with our expansion in Chicago. As we build on our success in this space, our derivatives clients are demanding next-generation risk management, comprehensive market data and global order routing services to support their derivatives strategies. By establishing a regional presence in Chicago, we are well positioned to deliver these services efficiently and strategically support their efforts."
Dan Smalley, Head of F&O Business Development at Fidessa US, adds: "Opening an office in Chicago supports our derivatives strategy and will allow us to leverage our infrastructure to deliver greater value to both large and small customers in this space. The 25 largest global futures commission merchants (FCMs) have significant operations in the region and our industry-leading solutions put us in a great position to take advantage of the opportunities they present both within the region and in the global derivatives market."