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Fidessa brings intelligent workflow to US Treasuries

First Published 10th June 2014

Fidessa futures and options platform now fully automated with smart access to BrokerTec and eSpeed.

Justin Llewellyn-Jones, Global head of Derivatives, Fidessa

Justin Llewellyn-Jones, Global head of Derivatives, Fidessa

"We have seen considerable demand from our clients for access to these markets at a time when cost pressures remain."

Fidessa group has announced the next phase in the rollout of its futures & options trading platform with the integration of US Treasuries and intelligent connectivity to BrokerTec and eSpeed.

By integrating US Treasuries with futures and options trading, Fidessa aims to enable clients to generate greater synergies and simplify the workflow between desks and across regions. In addition, Fidessa's SOR platform provides a single, tradable view across multiple pools of both cash and futures-based liquidity. Fidessa's algo suite also allows firms to demonstrate their execution quality and take advantage of opportunities between venues.

Justin Llewellyn-Jones, Global Head of Derivatives at Fidessa, commented: "We have seen considerable demand from our clients for access to these markets at a time when cost pressures remain. This latest initiative provides a single consolidated platform that simplifies trading and compliance processes and provides a lower cost, more client focused service whilst meeting the regulators' ongoing demands for high levels of transparency."

BrokerTec CEO, Seth Johnson, added: "It is vital for the sell-side to have the appropriate technology foundation in place to navigate the changing marketplace and realise increased opportunities in our market. BrokerTec offers the deepest liquidity pool in US Treasuries and giving Fidessa clients access to our platform via its OMS will enable them to expand their business globally and handle increased workflows."

Joe Noviello, Head of NASDAQ OMX eSpeed, added: "Fidessa's expansion into US Treasuries provides access to the world's most liquid markets for our mutual sell-side customers, increasing their trading opportunities through efficient execution on eSpeed. As client demand for multi-asset solutions increases, best in breed technology platforms, such as Fidessa, will allow FCMs to streamline functions and maximize performance."

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