19 February 2018
visit www.nextgenbanking.co.uk/

Maxim Group rejoins Fidessa client base

03 December 2013  |  1502 views  |  0 Source: Fidessa group plc

Fidessa group plc has today announced that US broker-dealer Maxim Group has rejoined its client base.

The firm has re-signed for Fidessa's fully-managed US trading platform to power its sales, market-making, options and international desks.

Bill Vitale, Managing Director, Equity Trading, at Maxim Group said: "We needed a solution that was far more sophisticated than our previous choice. Fidessa gives us basket trading functionality robust enough to avoid using third party brokers, plus a compliance module that allows intraday fixes to problems as they are flagged. A technology partner like Fidessa, with the know-how and infrastructure to support us now and in the future, is the key to weathering the constant change and capricious shifts that have become the marketplace norm."

Maxim will be using Fidessa's US trading platform to support varied and complex multi-asset workflows. Fidessa's sophisticated order management system (OMS) delivers seamless straight-through processing of orders from creation and routing to executions and confirmations. All of the features required for international trading, such as global parity, are fully integrated into the OMS, as are advanced trading tools for algorithmic and basket trading. Maxim also benefits from membership of Fidessa's connectivity network, which provides access to 3,600 buy-sides and 200 venues globally.

David Polen, Managing Director at Fidessa, added: "This move reinforces our position as a global vendor with the depth to support aggressive growth and the multi-asset capabilities to trade a wide range of geographically dispersed instruments. Intelligent multi-asset workflow - a fundamental requirement for many - is hardwired into our solution, and developing and supporting these systems has been our focus for three decades. This is why the global financial community trusts us to deliver their business-critical trading systems."

Fidessa's award-winning multi-asset trading solutions serve more than 25,000 users at 1,000 clients around the world across the buy- and sell-side.

Comments: (0)

Comment on this story (membership required)

Related company news


Related company information

Fidessa group

Related blogs

Create a blog about this story (membership required)
Visit https://www.capgemini.comVisit www.vasco.comvisit www.swift.com/your-needs/instant-payments

Top topics

Most viewed Most shared
Saudi central bank provides sandbox for banks to try out Ripple techSaudi central bank provides sandbox for ba...
11542 views comments | 16 tweets | 12 linkedin
ABN Amro moves escrow accounts to the blockchainABN Amro moves escrow accounts to the bloc...
9101 views comments | 15 tweets | 13 linkedin
ECB launches staunch defence of cashECB launches staunch defence of cash
8959 views 10 comments | 22 tweets | 26 linkedin
Aussie real-time payments platform goes liveAussie real-time payments platform goes li...
8834 views comments | 15 tweets | 43 linkedin
Coinbase and Visa at loggerheads over erroneous charges on customer crypto accountsCoinbase and Visa at loggerheads over erro...
7525 views comments | 13 tweets | 11 linkedin

Featured job

Competitive base + commission + benefits
New York City, NY - USA

Find your next job