Fund manager Thames River Capital has gone live with the Fidessa Workstation Execution Management Service (EMS) for derivatives order routing supplied by Fidessa owners royalblue.
Fidessa EMS enables Thames River to route index futures and options order flow from its London office to its preferred futures and options brokers.
ThamesRiver has been using Fidessa EMS since June 2006 to execute cash equities with a number of receiving brokers on Fidessa’s global connectivity network. But the fund manager is now able to execute equities, futures and options instruments side by side and route its orders to a variety of brokers according to asset class. It all takes place on a single screen that knows which asset class a user is viewing and adapt the data display accordingly.
Available as a fully hosted ASP solution, Fidessa EMS aims to provide a global, broker-neutral order management and execution solution to buy-side trading desks. With integrated real-time market prices, news and fundamental data, traders can route orders to a variety of DMA, algorithmic and care order services globally.
“As many buy-sides move into the multi-asset space and their requirements become more complex, we are proud to supply ThamesRiver with a sophisticated, integrated platform that automatically adapts to all assets it wishes to trade,” says Simon Barnby, global director of marketing communications, Fidessa. “With built-in market data and a proven record for delivering class-leading performance, reliability and support, Fidessa EMS has established itself as the new benchmark for multi-asset execution management services.”
Fidessa EMS uses Fidessa’s own global connectivity network to provide links to executing brokers. The Fidessa network is a normalised, broker-neutral, FIX based messaging service for clients wishing to route order for both equity and derivatives flow to a variety of sell-side destinations.
Typical uses of the network include direct buy-side to sell-side connectivity and broker-to-broker connectivity to support non-member trading across numerous markets. Access to the Fidessa order routing network is available via the Fidessa trading platform, Fidessa EMS or via direct FIX connection.