The Tradetech Daily

Fidessa — Buy-side Workstation

Fidessa — Buy-side Workstation

Fidessa’s Buy-side Workstation is the firm’s front end for all hosted services including compliance, connectivity management and execution management. The system is used by all types of buy-side firms, from small hedge funds to larger institutional managers that require multi-asset class, broker-neutral front office capabilities.

The Buy-side Workstation works with any order management or portfolio management platform, providing information and analytical services from markets, brokers and independents to support trading decision-making.

Clients

Clients range from large traditional asset managers
to small hedge funds, with 10% based in Asia-Pacific – Australia, Indonesia,
Hong Kong, Singapore, Philippines – 45% in Europe and 45% in the US.

Connectivity and functionality

A suite of tools in Buy-side Workstation gives the
buy-side complete control over connectivity, including electronic order
processing, flow analysis and FIX customisation. The Workstation provides fully
hosted access to 750 brokers and 200 global markets and direct access to
trading hubs, aggregators and dark pools.

Fidessa runs data centres in the Asia-Pacific region to
host local market data and connectivity, with support offices in Hong Kong,
Tokyo and Sydney. The functionality offered is the same globally, with all
clients running on one version of the platform.

Sourcing options

The Workstation is only available as a fully hosted solution

Pre- and post-trade analytics

Broker neutral analytics include: Fidessa
Fragmentation Index; Fragulator; and Tradalyzer. Fidessa also offers pre- and
post-trade analytics direct from broker platforms via integrated windows;
real-time integrated analytics and charting.

Future plans

Fidessa plans further integration of compliance tools and enhancements
to the platform’s OMS capability to include commission management, allocations
and more trade automation