Fidessa group has announced that Cornhill Asset Management, a specialist IPO and pre-IPO brokerage firm, is now live with Fidessa’s European Trader Workstation (ETW) in its London office for member trading on the London Stock Exchange and non-member trading of European stocks.
According to Fidessa, ETW links into Cornhill Asset Management’s back-office system and provides full internal audit trails for allocations and trades while enabling MiFID compliance. Cornhill Asset Management will use ETW’s execution tools and utilise the integrated market data service including time and sales, news, charting, company fundamentals and corporate actions.
“We wanted a reliable and scalable trading solution that would enable us to expand the number of markets we trade,” says Richard Earthrowl, head of trading, Cornhill Asset Management. “We were impressed with Fidessa Workstation’s functionality and market data capabilities and when it came to selecting our execution tools and extending our connectivity to Europe, ETW was our obvious choice,” he adds.
“ETW addresses the needs of the more niche, boutique brokers,” comments Simon Barnby, global director of marketing communications, Fidessa. “We are delighted to extend our partnership with Cornhill Asset Management and provide to it a one-stop solution for all its exchange trading requirements at a competitive price,” he continues.