The Fidessa trading platform replaces Stanford’s incumbent system, SunGard Brass. Stanford was consulted throughout the implementation and rigorous testing was undertaken until the system went live to ensure a seamless transition to the new platform.
Stanford is also using Fidessa BlueBox that enables traders to use industry acknowledged models such as: VWAP, TWAP, arrival price and percentage of volume as well as providing a comprehensive framework to design and deploy proprietary algorithms.
Kevin Quinn, managing director of institutional equity trading at Stanford Group, said: With Fidessa, a simple point and click yields real-time performance yardsticks. Fidessa’s product capabilities have provided enhanced functionality and more meaningful results to our clients, and therefore, ultimately, the client is the true beneficiary in our move to work with Fidessa.
