The Tradetech Daily

Fidessa (2)


Robin Strong/Russell ThorntonEmail: +44 (0) 20 7105 1000

Fidessa''s order management tools offer customisable workflows to suit different firms, integrated pre-trade compliance and commission management. A single, central audit trail ensures all actions are tracked, including manual trading of bonds, FX and OTC derivatives.

The product is designed to give greater control of the execution process and provides instant access to cross-asset DMA tools, algorithms and program trading. Integrated transaction analysis tools provide cost estimates pre-, intra- and posttrade.

Fidessa also provides fragmentation and execution quality analysis tools allowing all market participants to analyse their performance against a consolidated view of the market.


The Fidessa buy-side OEMS supports FIX versions 4.0 to 4.4. The execution tools can be delivered via the SaaS model as a fully hosted, broker-neutral platform with order routing via the Fidessa network. The network provides FIX connectivity between 2,650 buy-sides and 650 brokers across 160 global markets.

Market data

Fidessa’s order and execution management tools are integrated with real-time market data sourced directly from the exchanges, supplemented with news from Dow Jones, AFX and AFP. Market data can also be sourced from Bloomberg and Reuters.

Routing and trading venues

The Fidessa Buy-side OEMS offers access to 80 brokers, including their associated dark pools and crossing networks. Independently run dark pools are available where buy-side access is permitted. Orders can be routed automatically based on client criteria.

Future updates

Smart order routing is planned using Fidessa’s BlueBox algorithmic trading engine. Fidessa plans to offer a connectivity manager with self-service connectivity management and a FIX portal as a monitoring, diagnostic and reporting tool with an integrated rules engine.