Fidessa ETW seamlessly links into Cornhill Asset Managementâs back-office system and provides full internal audit trails for allocations and trades while enabling MiFID compliance. Cornhill Asset Management will use ETWâs execution tools and utilise the comprehensive, integrated market data service including time and sales, news, charting, company fundamentals and corporate actions.
Richard Earthrowl, head of trading, at Cornhill Asset Management comments: "We wanted a reliable and scalable trading solution that would enable us to expand the number of markets we trade. We were impressed with Fidessa Workstationâs rich functionality and market data capabilities and when it came to selecting our execution tools and extending our connectivity to Europe, ETW was our obvious choice.â
Fidessa ETW supports member trading on European exchanges along with non-member trading across global markets through Fidessaâs managed, connectivity network of over 230 brokers. Through ETW, brokers are able to capture inbound client order flow over Fidessaâs normalised FIX network which already supports Connections to over 1,300 buy-side firms globally.
Simon Barnby, global director of marketing communications at Fidessa, comments: âWith its powerful execution tools and comprehensive market data, ETW addresses the needs of the more niche, boutique brokers. We are delighted to extend our partnership with Cornhill Asset Management and provide to it a one-stop solution for all its exchange trading requirements at a competitive price.â
Fidessa serves over 16,000 users at 500 institutions worldwide and is used by over 85% of global, tier-one equity brokers. Fidessaâs connectivity network provides links to over 1,300 buy-side institutions, 230 brokers and 83 exchanges globally.