Buy-side calls for access to more trading venues – Fidessa

Fidessa LatentZero, a front-office software provider, has credited the 60% increase in users of its EMS Workstation execution management system in 2008 to the buy-side’s growing need to connect to more trading venues, particularly across Europe.

“There has definitely been a group of clients that are looking to take on more broker services to cope with the growing number of markets they need to access,” Russell Thornton, EMS product manager, Fidessa LatentZero, told theTRADEnews.com. “The focus on trying to get out to different venues and making sure your orders are treated in the right way has become more important.”

Fidessa’s EMS Workstation is an internet-deployed, broker-neutral low-latency trading platform for equities and equity derivatives. It offers access to over 115 execution venues and 360 brokers globally and offers integrated access to algorithms from over 40 brokers. The increase in 2008 takes the total number of EMS Workstation clients to around 190.

This year, Fidessa plans to increase program trading functionality and add all US options data to widen its EMS client base.