Trading solutions provider Fidessa has altered its connectivity service for the buy-side to cover all hosting, management and operational aspects of a firm’s FIX and non-FIX connectivity and infrastructure.
The move will allow buy-side clients to focus on their core business by outsourcing connectivity infrastructure to Fidessa.
The service uses Fidessa’s existing network of global data centres and hosting capabilities and includes a suite of testing simulation tools for all asset classes and regions.
According to Megan Costello, president of North American buy-side business for Fidessa, the complexity of the market requires that the buy-side rely on external providers to manage connectivity and infrastructure.
“Buy-side firms are operating in an ever-more challenging world, with a seemingly constant flow of new regulatory requirements coupled with an increasingly complicated pre-trade, at-trade and post-trade landscape.
Costello said multi-asset class trading and shortening of settlement cycles had necessitated buy-side firms adapting their operating models to rely on solutions like those offered by Fidessa.
“Access to a broad range of multi-asset broker services, hubs, crossing engines and post-trade systems all around the world is now commonplace, but it brings with it the need to implement and run a highly complex technology infrastructure,” Costello said.
Fidessa’s global network connections 3,200 buy-sides to 750 brokers across 200 execution venues covering equities, fixed income and FX.