Investec live with Fidessa tools

Investec Securities, the UK-based subsidiary of South African investment Bank, Investec, is live with Fidessa's Pairs and VWAP algorithmic trading modules. According to Fidessa, Investec is using the vendor's pairs trading tool to enable its traders to work on pair orders based on M&A, historical ratios, or their own in-house models. The VWAP module supports VWAP, TWAP and random slice order slicing mechanisms, and allows traders to customise levels of aggression and slice intervals. Both to