Fidessa group, a provider of trading systems, market data and global connectivity, has installed a connection to NYSE MatchPoint, the recently launched electronic block trading facility. NYSE MatchPoint is a facility of the New York Stock Exchange, which is a subsidiary of NYSE Euronext.
NYSE MatchPoint is described as a portfolio-based, point-in-time electronic exchange facility that matches aggregated orders at pre-determined times with no market impact. According to the firm, through the connectivity agreement, users of the Fidessa trading platform can access and trade securities listed on all major and regional US stock exchanges through NYSE MatchPoint.
The Fidessa trading platform combines electronic order and execution workflow with multi-currency trading, position keeping and reporting.
"Fidessa will serve a link to NYSE MatchPoint, which by creating a centralised, exchange-neutral matching environment, is designed to provide the optimal solution for portfolio and single-order liquidity discovery," says James G. Ross, vice president, NYSE MatchPoint.
"As the US trading landscape evolves with additional pools of dark liquidity, Fidessa is proud to be at the forefront of providing access to new trading venues such as NYSE MatchPoint," comments Martin Hakker, VP marketing, Fidessa.