Euro Millennium is open to all buy-side and sell-side market participants and offers a continuous matching pool, executing orders in accordance with client-determined profiles. The interface with the Fidessa and Fidessa LatentZero products will enable clients to seek out best price with minimal market impact.
Chris Gregory, Head of Connectivity Services at Fidessa LatentZero, said: âThe addition of Euro Millennium is one component of our ongoing strategy to provide broker and venue neutral Intelligent Liquidity Access to buy-sides and sell-sides globally. The range of new venues including dark pools as well as MTFs and ATSs introduced with the implementation of MiFID offer different trading options to asset managers who are looking to manage their order flow in increasingly sophisticated ways.â
Steve Grob, Director of Strategic Partnerships at Fidessa, said: âAs Euro Millennium is open to both the buy-side and the sell-side it was a natural partner for our overall Intelligent Liquidity Access strategy. The availability of access to Euro Millennium through the three Fidessa group products and our global connectivity network reinforces that strategy which is to make available all new venues to the buy-side and sell-side alike.â
Chris Smith, Director, NYFIX International said: âWeâre excited that the Fidessa group client base now has direct access to Euro Millennium. Weâre confident that the depth and breadth of liquidity in Euro Millennium will help these clients achieve their best execution objectives by ensuring minimal market impact and delivering price improvement.â