After Fidessa Exodus, Some Users Brace For Trouble

WatersTechnology spent three months examining Fidessa to see what has transpired inside the vendor since the Ion acquisition. During a period of great change, a lot of questions—and worry—remain.

The banker winces and shifts uncomfortably in his seat. He has just been asked about service standards at Fidessa, following the trading technology vendor’s $1.9 billion acquisition by Ion Group last year.

“We’re lucky we implemented the software when we did. They’ve become a little bit slower to deliver on some of the things they promised,” he says, choosing his words carefully. Then he pauses and offers his explanation for the dip in standards: “They have fewer people.”

That’s putting it

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Once a blockchain cheerleader, Axoni changes its playbook

The fintech, whose origins can be traced back to the genesis of capital markets’ complicated flirtation with DLT, has largely ditched the tech as the foundation of its data synchronization offering, opting for more familiar territory.

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