Fidessa group plc (LSE: FDSA), provider of high-performance trading, investment management and information solutions for the world’s financial community, has today announced that Nomura has selected its trading platform to support its global futures and options trading activity.
Fidessa’s trading platform will handle all of Nomura’s listed derivatives business across the firm’s global operations. Supporting highly complex front and middle office workflow, Fidessa’s platform comes complete with global market data and connections to all major derivatives markets worldwide.
Michelle Neal, Global head of Electronic Markets, Futures & Options and Derivatives Clearing at Nomura, commented: “Regulations are reshaping the derivatives markets, and it is essential that we have a world-class technology infrastructure to meet these new requirements on behalf of our clients. Fidessa is known for the strength and sophistication of its order management system. Having its robust technology to support our derivatives trading activity will help us deliver market-leading results for our clients.”
In addition to global order management, Nomura will leverage Fidessa’s specialised derivatives algorithms, including benchmark algos and synthetic order types. A centralised risk and compliance function provides full audit trails and reporting functionality to meet regulatory demands. The global platform will be implemented in the US and Europe in the early part of 2013, with Asia Pacific and Japan to follow.
Stephen Barrow, Global Sales director at Fidessa, added: “The strengths of our multi-asset platform are completely aligned with the changes affecting the futures and options industry. The convergence of OTC flow and exchange-traded activity increases the need for systems that can handle complex workflow and fragmented markets: capabilities that are central to our solution and that we have honed over a number of years. This functionality and understanding, coupled with our robust global infrastructure and proven capacity to run large-scale derivatives systems, is fuelling significant interest in our technology across the globe.”
Fidessa’s multi-asset trading solutions serve more than 25,000 users across 950 clients around the world. The Fidessa FIX connectivity network carries over $10 trillion of order flow annually and connects 2,900 buy-sides to 700 brokers across 200 markets globally.
