Yesterday, Fidessa group, a provider of multi-asset trading, market data and global connectivity solutions, added member trading on the Madrid Stock Exchange to its European Trader Workstation (ETW).
Launched last year, ETW provides member and non-member trading services, electronic order handling, order management functionality and pre- and post-trade analysis tools to small and mid-tier broker/dealers across Europe.
With the addition of member trading on the Madrid Stock Exchange, ETW provides Spanish brokers with execution capabilities and market data solutions. ETW provides non-member trading via the DMA and services of over 210 brokers on Fidessa's global connectivity network, says Fidessa. The solution enables brokers to receive FIX-based inbound order flow from buy-side clients through the Fidessa network.
"We plan to add more member trading gateways within ETW, in line with client demands," comments Simon Barnby, global director of marketing communications, Fidessa.