NCP Northland Capital Partners, a Canadian securities firm, has gone live on trading technology provider Fidessa's Canadian platform, which is designed to provide global connectivity, trade execution and electronic integration with back- and middle-office operations.
Deployed as software as a service on NCP's institutional, proprietary and electronic trading desks, the Fidessa Canadian trading platform allows users to benefit from an integrated market view for Canadian and US data, as well as efficient trading of dual-listed and inter-listed instruments. In addition, it enables users to offer positions in multiple currencies while providing a consolidated view in a single, preferred currency.
NCP will also be implementing BlueBox, Fidessa's algorithmic trading engine, which gives the firm's traders access to a suite of algos including VWAP, TWAP, arrival price and percentage of volume.
“For us, it was the completeness of the package that was so attractive,” said Tony Oram, managing director and head of trading at NCP. “This gives us order and execution workflow with a global FIX connectivity network, which supports all our business flows.”