Fidessa group plc (LSE: FDSA), provider of high-performance trading, investment management and information solutions for the worldâs financial community, has today announced the launch of its new FIX Portal connectivity service. The Fidessa FIX Portal enables users to integrate, control and monitor all FIX messages and connectivity points across multiple trading applications and destinations in an efficient and cost-effective manner.
The Fidessa FIX Portal utilises a fully hosted, high performance FIX engine and a user-friendly web interface to offer real-time message monitoring, customisation and rule-based routing. It provides buy-side and sell-side firms with the building blocks to create their own private networking solution and enables them to integrate any FIX-compliant system with that network. At the same time, it offers full integration with Fidessaâs own global trading network, a worldwide community of 2,700 buy-sides and 650 brokers that supports order flow in excess of US$10 trillion per year across 160 global markets.
Sang Lee, Co-Founder and Managing Partner of Aite Group, said of Fidessa's FIX Portal: âContinuing global adoption of electronic trading, coupled with increasing regulatory uncertainties and volatile market conditions, have put a tremendous amount of infrastructure and cost pressure on leading brokers and asset managers. The introduction of an end-to-end, application-neutral connectivity service that is designed to enhance monitoring and performance, while improving transparency in the messaging infrastructure, will go a long way to alleviate some of these pressures so that firms can focus on delivering on their core business.â
Fidessa's FIX Portal comprises three major service modules:
â¢ Network monitoring - Real-time session and message control of all private and external network connections, with a comprehensive set of query tools for monitoring current and historic messages and corresponding audit trails;
â¢ Message management - A suite of message management and rule-based routing tools that facilitate the integration of inbound and outbound connectivity with any trading applications or global FIX destinations;
â¢ Private networking - A service module that allows users to build and maintain their own private network environment and supports direct, point-to-point, low-latency connectivity requirements.
Darren Newby, Connectivity Marketing Manager at Fidessa, said: "In todayâs fast-paced and constantly changing trading environment, trading desks face increased pressure to capture and optimise increasing volumes of electronic order flow, while maintaining strict control over their costs. They require dependable solutions that can be trusted to support all their trading activity without any loss of performance. The Fidessa FIX Portal service has been developed to address these specific challenges, and offers our clients a truly comprehensive âone-stopâ connectivity service that combines exceptional control and flexibility with all the cost benefits associated with a hosted solution."