Joof Verhees, managing director of Securities at Kempen & Co, comments: âWe needed pan-European coverage and a robust, fully-integrated trading platform. With Fidessa we have an integrated order management system, European market coverage and rich middle-office functionality. Our traders now have everything they need in one system. We are excited to have Fidessa as our trading platform. It accelerates our business and aligns us with other major market players.â
The implementation was achieved in a record time: six months from decision to go-live including the most vigorous testing. Fidessa replaced GL TRADE and Kempens & Coâs own order management system. The platform is installed in Amsterdam with positions in the New York office.
Kempen is using Fidessaâs remote broking service to allow its clients to trade on all major European exchanges and provides direct market access on Euronext and Xetra. Through the hosted Fidessa platform, Kempen & Co also has electronic trading links with the US markets such as NASDAQ, NYSE and AMEX. In addition, Kempen & Co uses Fidessaâs connectivity network to link up with buy-side institutions with plans to further expand this product to a number of large clients. Fidessa provides a fully integrated order management, trading and middle office service and is interfaced to the Kempen internal back-office system, allowing for real-time STP processing of all trades.
Philip Slavin, European product manager at Fidessa comments: âKempen joins over 70 hosted clients already using our trading platform globally. The Fidessa trading platform is strengthening its position in continental Europe and we are delighted to be playing such a pivotal role in Kempenâs strategy.â
The Fidessa product suite provides integrated trading, market data and connectivity to over 600 buy-side institutions, 140 brokers and 67 exchanges. Fidessa is used by around 8,500 users at 200 clients around the world.