Fidessa integrates with FOW TRADEDATA Xymbology
Today at FOW Derivatives World London, FOW TRADEDATA is pleased to announce the integration of Fidessa instrument codes into its Xymbology product for the futures and options market. Xymbology is the premier identifier mapping service for exchange traded futures and options contracts.
Fidessa is a world-leading supplier of multi-asset trading and investment infrastructure, market data and connectivity solutions to financial markets participants globally.
In response to FOW TRADEDATA’s customer needs for high quality cross-mapping of vendor symbology, its Xymbology service continues to build up its portfolio of instrument identifiers used by ISVs and market data vendors through collaboration with key providers in the futures and options space. Fidessa futures and options identifiers will be distributed through FOW TRADEDATA's Xymbology service to user firms to increase the efficiency of trade processing of futures and options contracts.
Mark Woolfenden, FOW TRADEDATA’s Managing Director, described the addition of Fidessa to the Xymbology stable as very timely as the market seeks to drive increased functionality and performance from its vendors in a new era of trading change. “We are very pleased to be working with Fidessa on this integration, where our specialist skills in outsourced data services and domain expertise in futures and options will complement Fidessa’s proposition to mutual clients.”
Gregg Whitbread, Product Manager for Xymbology, said, “We are delighted to partner with Fidessa in this initiative, which provides firms utilizing Fidessa’s global order management and distributed low-latency execution platform with the cross-reference required to translate between Fidessa symbols and other symbology used in the market at the appropriate points throughout the trade life cycle.”