Fidelity Capital Offers Trade Execution To Buy Side
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Fidelity Management & Research Corp.'s Fidelity Capital Markets Co. (FCMC) broker/dealer subsidiary is offering institutional clients an automated routing and execution facility for equity orders. The service is aimed at attracting institutional index trading orders by providing a new source of liquidity for buy-side traders.
Fidelity's decision to pursue business aggressively through a proprietary routing and execution system will put it into competition with systems from rival sell-side firms
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