Fidessa group plc (LSE:FDSA), the world leading provider of multi-asset trading systems, market data and global connectivity, today announced it has won FOW’s ‘Derivatives ISV of the year’ award. In addition, Financial News cited Fidessa, along with its recent acquisition LatentZero, as one of the 21 technology firms with the potential to shape the industry landscape in the new millennium, for the second year running.
This is the first year FOW has held these awards which aim to recognise organisations that have made a substantial contribution to the development of the global derivatives market over the past year. Fidessa which launched its derivatives capabilities at the FOW conference just a year ago, has now beaten strong competition in the awards from GL Trade, Orc Software, Patsystems, Rolfe and Nolan, SunGard Front, Kiodex and Trading Technologies.
This is the second year for the Financial News listing which selects companies with innovative technology, clear vision of how they might improve the markets in which they operate, and proven track record of success.
Steve Grob, director of derivatives for Fidessa, comments: “This has been an ambitious year for us and we are delighted to be acknowledged within the industry for our achievements. In addition to signing Insinger de Beaufort and ADM Investor Services International Limited in 2006, we have also signed a further five clients for our multi-asset platform. We have extended our buy-side EMS product to support derivatives and with the acquisition of LatentZero we are now further extending our cross asset capabilities into the buy-side through its suite of front-office software applications for asset managers.”
The Fidessa product suite provides integrated multi-asset trading, market data and connectivity solutions to over 14,000 users at around 400 clients around the world, and serves over 85% of global, tier-one equity brokers. The Fidessa network provides connectivity to around 1,000 buy-side institutions, 210 brokers and 82 exchanges globally.