Barclays Capital connects to Fidessa global broker network

Source: Royalblue

Royalblue (LSE: RYB), supplier of Fidessa, today announced that Barclays Capital, the investment banking arm of Barclays Bank PLC, has signed up to receive order flow from Fidessa's global connectivity network.

Fidessa users are now able to route care order flow and perform DMA trading through Barclays Capital across North American, European, Asian and Australasian markets.

This agreement enables Fidessa's users to electronically execute cash equities and CFDs through Barclays Capital. Barclays Capital also supports trading in derivatives and users will benefit from this later this year when the Fidessa trading platform is extended to support other asset classes in addition to cash equities.

Kristian West, head of European equity execution for Barclays Capital's prime services group says: "We are very pleased to be part of the Fidessa network which provides the buy-side with a reliable, low latency, high performance connection. As an agency only, non-conflicting broker we offer confidentiality and transparent pricing. Fidessa opens up a whole new market for us to tap in to and we plan to add algorithmic trading capabilities later this year to continue to expand our service offering through the Fidessa network."

Barclays Capital joins over 140 financial players on Fidessa's global connectivity network which includes Cheuvreux, CSFB, Deutsche Bank, Goldman Sachs, HSBC, Lehmans, Merrill Lynch, Morgan Stanley and UBS providing execution services for global markets.

Simon McDowell, director of execution services at Fidessa, adds: "We are proud to have yet another tier one broker such as Barclays Capital join our global connectivity network. This further delivers on our strategy to provide our clients with an even broader range of markets and a greater choice of execution venues through a truly broker neutral network which is class leading in terms of resilience and latency."

Fidessa's connectivity network provides a fully normalised, robust, broker-neutral solution for clients wishing to route order flow to a variety of sell-side destinations. Typical uses of the network include buy-side to sell-side connectivity and broker-to-broker connectivity to support non-member trading across numerous markets. Access to the Fidessa order routing network is available via the Fidessa trading platform, the Fidessa Execution Management Workstation as well as via direct FIX connection.

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