September 8th, 2008 - Fidessa group plc (LSE: FDSA) announce that their systems interfaces with the NYFIX Euro Millennium dark liquidity pool are now live.

Fidessa group announces direct access to NYFIX Euro Millennium™ for buy-side and sell-side

Steve Grob, Director of Strategic Partnerships, Fidessa: "As 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."

Fidessa group plc (LSE: FDSA) has announced that their systems interfaces with the NYFIX Euro Millennium dark liquidity pool are now live.  Customers of Fidessas trading platform, as well as clients of Fidessa LatentZeros Execution Management Service (EMS) and Order and Execution Management System (OEMS), Minerva, will now have direct access to a European dark pool for listed cash equities.  Fidessa users on both sides of the Atlantic can now access Euro Millennium and its US counterpart Millennium®.

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: The 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.

Steve Grob, Director of Strategic Partnerships at Fidessa, said: As 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.

Chris Smith, Director, NYFIX International said: Were excited that the Fidessa group client base now has direct access to Euro Millennium.  Were 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.

• Copyright © Algorithmic Media Ltd 2008

• Popular Searches
• Privacy Policy
• Sitemap
• Designed by Vibrant Web Design Brighton
• Hosted by Enhancion