Algorithmic Trading news articles - Calyon Financial Signs Agreement with Fidessa for Exchange Traded Derivatives Interface
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Calyon Financial Signs Agreement with Fidessa for Exchange Traded Derivatives Interface
Calyon Financial announced it has signed an agreement with royalblue, supplier of Fidessa, to provide access to global derivatives markets.
Through the agreement, Calyon Financial, a leading global futures and options broker, will act as a receiving broker for customers who use the Fidessa Workstation EMS (Execution Management Service) for exchange traded derivatives. Fidessa has announced the extension of its multi- asset capabilities to include derivatives support in Fidessa Workstation EMS, its buy-side Available as a fully hosted ASP solution, the Fidessa Workstation EMS provides a global, broker-neutral order management and execution solution targeted at buy-side trading desks. With fully integrated real-time market prices, news and fundamental data, traders can smart-route orders to a variety of DMA, algorithmic and care order services globally.
"By linking Fidessa and Calyon Financial, existing Fidessa Workstation EMS users can now seamlessly access exchange traded derivatives through a single trading platform," said Leslie Sutphen, Global Head of eBrokerage Strategy/Implementation for Calyon Financial. "The Fidessa Workstation EMS provides global multi-asset execution and order management, while Calyon Financial provides turnkey brokerage expertise for exchange traded derivatives."
Steve Grob, Director of Derivatives at Fidessa comments, "We are delighted to welcome a specialist derivatives broker such as Calyon Financial to our existing network of over 170 receiving brokers. This reinforces the fact that what the buy-side really wants is access to a broad range of asset classes, different broker expertise, and coverage through a single screen."
Users of Fidessa Workstation EMS will be able to trade equities, futures and options instruments side-by-side and smart route their orders to Calyon Financial. Calyon Financial provides access to over 60 global financial and commodity markets and is among the leaders in execution and clearing volume on the futures exchanges offered by Fidessa.
The companies are targeting an October 2006 launch of the service.
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