CA Cheuvreux enhances algorithmic trading tools across Europe through Fidessa

London - 12 November 2007

Fidessa group plc (LSE: FDSA), provider of the Fidessa and Fidessa LatentZero trading solutions for the sell-side and buy-side, today announced that CA Cheuvreux, the European agency broker of Calyon Group, has enhanced its algorithmic suite of strategies offered through the Fidessa LatentZero Execution Management Service (EMS).

The new algorithms include: the Shadow algorithm, which uses sophisticated strategies to allow investors to follow a trading trend while hiding their intention from the market; the Inline algorithm, which delivers an implementation shortfall by trading as much as possible while minimising market impact; and the Summit Runner, which helps buy-side customers avoid paying the spread by disguising orders behind liquidity takers/givers.

Jerry Lees, head of alternative execution services at CA Cheuvreux, comments: "The further enhancement of our algorithmic trading offering underlines our commitment to continue to invest in and deliver the best suite of algorithmic strategies to our customers. We are very pleased to partner with Fidessa whose global connectivity network supports our objective of reaching the largest community of buy-side and sell-side clients."

Fidessa LatentZero users can now access CA Cheuvreux's additional strategies and execute on 22 markets across Austria, Belgium, Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Ireland, Italy, the Netherlands, Norway, Poland, Portugal, Spain, Sweden, Switzerland, Turkey and the United Kingdom, in addition to the recently launched alternative trading venue Chi-X.

Simon Barnby, director of global marketing communications at Fidessa adds: "CA Cheuvreux's new algorithms deliver traders with superior execution capabilities in volatile markets, complementing its already diverse set of strategies available through our platform. As markets evolve, our strategy is to continue to offer new and enhanced services to our growing number of buy-side clients."

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