City Index has taken 25 Fidessa Workstations for its business continuity requirements in addition to 17 positions for real-time market data and execution services which replaced several Reuters terminals within its London trading floor.
Chris Barker, chief technology officer at City Index, comments: âWe now have a fully active disaster recovery solution in place and Fidessa is an integral part of our strategy. If we have to move to another location due to a disaster, our traders will continue to trade using the Fidessa Workstation business continuity service.â
Launched in January 2006, the Fidessa Workstation business continuity service provides market data without the need for any on-site infrastructure. This cost-effective service offers an alternative source for critical real-time or delayed data that can be used in the event of any disaster including failure or unavailability of another product. Provided that there is internet access, the Workstation business continuity service can be deployed immediately and be used from any location and consequently provide the level of protection and flexibility that businesses require and regulations demand.
Barker adds: âWe conducted a thorough review of the market and Fidessa was benchmarked against other vendor offerings and in all cases it scored high. From a business aspect it offers an attractive commercial model, from an IT point of view it is resilient and robust and from the support side we are delighted with the accessibility, response and attentiveness of the Fidessa team. What is most important though, is the functionality and usability that the Fidessa Workstation business continuity service offers. Our traders, who are the most demanding of users, provided extremely positive feedback.â
Simon Barnby, head of strategy for Fidessa Workstation says: âIn the high pressure trading environments in which we operate, business continuity is an absolute necessity. The emphasis is shifting towards mobile type solutions and this is exactly what the Workstation business continuity service offers. We are proud to have City Index on board and we are looking forward to building our partnership as its European operations expand.â
The Fidessa product suite provides integrated trading, market data and connectivity solutions to over 8,500 users at around 200 institutions globally.