Platform adds new asset class to trading capabilities.
Fidessa has added foreign exchange (FX) trading to its Buy-Side Workstation.
The platform can now handle trading in over 1300 currency pairs, and incorporates market data from the company's global ticker plants. The software will interface with leading companies such as FXall and Nomura for shared clients, and will allow advanced trading solutions such as algorithmic strategies.
"This is a significant enhancement for the Workstation," says Russell Thornton, global head of Buy-Side Workstation solutions at Fidessa. "FX trading is an important part of the trading operation in all buy-side firms, be that for currency risk management, settlement cash management or investment trading. The ability to manage these flows and connect to all liquidity venues from a single multi-asset trading platform is a powerful proposition. Our Buy-side Workstation now delivers the cost-effective, multi-asset solution that asset managers need and reflects the ongoing investment we are making in our buy-side solutions to ensure that our clients have the optimal solutions for a continually changing marketplace."
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