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Capstone Global Markets goes live with Fidessa for options trading

Fidessa group plc (LSE:FDSA), provider of award-winning trading solutions for the buy-side and sell-side, today announced that Capstone Global Markets, LLC (CGM), is the first broker dealer to go live on its fully hosted and integrated options and equities trading platform in the US.

Fidessa’s US hosted platform provides a proven, cost-effective equity trading solution targeted at small and mid-tier firms. The addition of options trading to this solution enhances the complete and comprehensive nature of this system, which also incorporates integrated market data, charts and news.

CGM, an innovative, multi-strategy broker dealer that specializes in the execution and trading of volatility as an asset class globally, can now manage their option and equity positions and data all on a single platform. This offers CGM operational and cost efficiencies resulting from the combining of multiple trading systems, and minimizes risk by reducing the number of different systems involved. CGM will also use BlueBox, Fidessa’s integrated algorithmic trading engine which allows them to trade algorithmically using their own memberships.

Randal Scharringhausen, a principal at CGM says, “We chose the Fidessa trading platform because its robust, functionally rich options and equity trading capabilities allow us to manage our customer order flow more effectively. This complements the focus on client service that our boutique environment provides.”

Scharringhausen adds, “Scalability was also an important selling point. We wanted a global solution to support both our options and equities business lines, and that could ultimately be rolled out to our European office following the US deployment. Fidessa has worked closely with us to understand our requirements and we look forward to working with them as our business continues to expand.”

David Polen, SVP hosted product marketing at Fidessa, comments, “Increasingly, brokers are looking to provide a ‘one-stop-shop’ for all their clients’ trading needs. To support this, we've enhanced our existing trading platform to allow firms to trade and clear complex options. Fidessa now brings the same innovation and dependability to options trading desks that we currently deliver to 85% of the world’s tier-one equities trading desks.”

Fidessa’s sell-side trading platform provides a full solution for US based firms, incorporating sophisticated functionality for advanced trading tools and compliance. The platform comes complete with integrated market data and connectivity to over 120 markets, 2,300 buy-sides and 400 brokers worldwide.