Trading technology provider Fidessa has launched a global analytics platform that enables its sell-side users to conduct real-time pre-trade, intra-day and post-trade calculations from multiple data sources.
“As the trading requirements of the buy-side become more sophisticated, the need for brokers to extend their level of service, and to measure and report their performance, increases,” said David Sobolewski, business manager for analytics at Fidessa in the US, in a statement. “Building on Fidessa’s existing analytics capabilities, this new platform provides firms with the tools they need to deploy new analytics by leveraging Fidessa’s calculations, data-set or other data sources.”
The analytics platform can also be integrated with Fidessa’s order management system, program trading and BlueBox algorithmic engines as well as third-party solutions.
The service allows users to take advantage of pre-packaged analytics, including ‘multi-listed VWAP since order taken’, ‘estimated time to completion’, and ‘estimated market impact over multiple trading periods’. They can also build their own customised solutions with the analytics framework.
According to Fidessa, the ability to offer tailored calculations on a client-by-client basis allows firms to differentiate themselves from their competitors, attract new business opportunities and provide greater transparency when working orders.
The platform also generates alerts for ‘outlier’ events as part of the workflow, and also provides traders with a single-view dashboard to facilitate the use of the derived data.