The awards, presented in New York on Wednesday, are designed to recognise industry excellence in the field of data management.
The Fidessa FragulatorÂ® is a free-to-use web-based tool that allows the trading community to analyse over 2 billion trade records from more than 50 different market feeds to get an immediate view of the complete trading pattern of any European stock or index over any time period. This enables buy-sides, sell-sides and market centres to make sense of fragmentation and to make better decisions as to which venues to participate in.
As well as showing the percentage of the stock traded on lit venues, dark pools, Systematic Internalisers and bilateral OTC trades, it gives a per-venue breakdown of share volume, number of trades, average trade sizes, market share and volume-weighted average price.
The FragulatorÂ® is a truly creative innovation that adds real value to the trading community on a continual basis.
Commenting on the award Steve Grob, Director of Group Strategy at Fidessa, said: âThe Fidessa FragulatorÂ® leverages our heavyweight ticker plant technology with a nimble, highly intuitive front end. It is now seen by many as the industry barometer of fragmentation and the Inside Market Data award reinforces this view. Above all though, we believe that the high level of usage and feedback from the trading community has enabled us to continually enhance and refine the product and we look forward to extending the FragulatorâsÂ® reach into new markets and regions. â