Collins Stewart, an independent UK investment bank, has gone live with the full suite of trading tools from Fidessa, a provider of trading, market data and global connectivity solutions. The suite includes list management, pairs trading and the BlueBox algorithmic trading engine.
“The complexity of today’s trading environment calls for highly automated, reliable and efficient execution, and the increasing use of algorithmic strategies,” said Peter Hall, head of IT and operations, Collins Stewart, in a statement. “Fidessa’s advanced trading tools, which are fully integrated with our existing Fidessa OMS, enable us to execute client orders faster with minimal manual intervention, providing our customers with best execution, as required under MiFID. We have been able to increase trader productivity significantly, which has already enabled us to generate new client business.”
Julian Garcia-Santos, head of client marketing for hosted services at Fidessa in Europe, added, “We are excited about extending our partnership with Collins Stewart, which underscores our ability to assist brokers in executing increasingly complex and challenging client orders.”