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September 24, 2008updated 06 Sep 2016 3:02pm

Fidessa adds pre-trade risk module for account-based trading

Fidessa Group, a provider of market data and global connectivity solutions, has added an enhanced multi-asset, pre-trade risk module for account-based trading across equities, futures and contracts for difference to its European sell-side trading platform.

By CBR Staff Writer

The move marks the latest phase in Fidessa’s comprehensive multi-asset strategy, and is a direct response to increasing asset convergence seen in both US and European markets.

According to Fidessa, the system is fully integrated with its market data service, giving real-time position values, margin requirements, collateral values, unrealized P&L and trading balances. It has also been designed to be fully integrated with Fidessa’s global connectivity network to provide risk management for inbound external client DMA and algorithmic order flow.

Steve Grob, director of strategic partnerships at Fidessa, said: Fidessa’s multi-asset strategy reflects the growing trend among financial institutions to broaden the scope of their trading activities to include more complex and geographically dispersed financial instruments. The addition of the multi-asset, pre-trade risk module underscores Fidessa’s commitment to ensuring that its European sell-side trading platform is truly agnostic with regards to asset class, and further enriches the platform’s already-extensive derivatives functionality.

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