Fidessa, a provider of trading technology to buy- and sell-side firms, has announced that Citadel Securities, a broker and market maker, has joined its global connectivity network.
As a result, members of the network will have access to Citadel’s cash equities execution services across the US and European markets.
“As the landscape for European equities trading continues to evolve, demand for electronic execution services on both traditional exchanges and the new MTFs (multilateral trading facilities) continues to increase,” said Simon McDowell, managing director, connectivity at Fidessa, in a statement.
Citadel Securities recently made a strategic investment in Equiduct, the alternative pan-European trading venue operated by German exchange Börse Berlin, and is one of the liquidity providers for Turquoise’s TQ Lens dark aggregation service.
According to Fidessa, its global connectivity network currently handles $600 billion worth of flow per month, sent via direct market access, sales traders, algorithms, indications of interest and FIX allocations. The network connects over 2,300 buy-side firms and 400 brokers executing across 120 markets worldwide.