Technology group Fidessa has gone live with its systems’ interfaces for connectivity to NYFIX Euro Millennium, a dark pool for European cash equities.
As a result, Fidessa clients – including those using Fidessa LatentZero’s execution management service and order and execution management system, Minerva – will have direct access to the dark trading venue. Fidessa users on both sides of the Atlantic can now access Euro Millennium and its US counterpart Millennium.
“The addition of Euro Millennium is one component of our ongoing strategy to provide broker- and venue-neutral intelligent liquidity access to buy-sides and sell-sides globally,” said Chris Gregory, head of connectivity services at Fidessa LatentZero, in a statement. “The range of new venues including dark pools as well as MTFs and ATSs introduced with the implementation of MiFID offer different trading options to asset managers who are looking to manage their order flow in increasingly sophisticated ways.”
Euro Millennium is open to both buy- and sell-side market participants and offers a continuous matching pool, executing orders in accordance with client-determined profiles.