Fidessa takes pole position as Best Sell-side OMS

26 June 2008

Fidessa group plc (LSE:FDSA), provider of multi-asset trading systems, market data and global connectivity, today announced that it has overtaken SunGard’s BRASS as Best Sell-side Order Management System (OMS) in the 2008 annual Waters magazine readers’ rankings.

More than 600 qualified voters from buy-side and sell-side firms as well as from exchanges and brokerages participate in the rankings. “Fidessa was the clear winner in the category of Best Sell-side Order Management Systems. Readers clearly think of Fidessa as the ‘go-to solution’ for OMSs,” says Phil Albinus, special projects editor for Waters.

The Fidessa sell-side trading platform delivers sophisticated trading, market data and connectivity solutions to the global broker/dealer community. It combines electronic order and execution workflow with a global, FIX connectivity network. Used by over 85% of tier-one, global equity brokers, Fidessa provides a full range of high, low and no touch institutional trading solutions, and can be dynamically scaled to meet the unique needs of customers on a case-by-case basis.

Martin Hakker, EVP marketing at Fidessa, North America, said: “It is an honor to be chosen by the industry for this award, and we would like to say thank you to everyone who has voted. It’s great to be recognized as the number one OMS solution provider.”

Fidessa’s trading platform has been in high demand over the past year with more than 50 new clients signed globally. This has been spurred on by our clients’ drive to expand their trading capabilities into new markets, new regions and across new asset classes whilst improving their compliance monitoring and offering increasingly comprehensive services to their clients. Many existing clients have extended the services they take from Fidessa as the trading capabilities within the OMS evolve.

Phil Slavin, head of European product strategy at Fidessa, adds: “Fidessa is committed to working closely with its clients to develop solutions that meet their specific needs in today’s challenging markets. This approach will continue to be the primary driver behind Fidessa’s innovation, enabling us to retain our position as the leading provider of trading solutions to both the sell-side and buy-side communities across the world.”

The Waters ranking is the latest accolade for Fidessa. Having won eight industry awards in 2007, the company’s achievements continue to be recognized in 2008 with two awards already under its belt this year. Fidessa also won in TradeTech’s Best European Sell-side OMS award category and Chris Aspinwall was voted the Highest Rated CEO at the annual Systems in the City 2008 awards ceremony in the City of London.

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