Trading technology supplier Fidessa has added the options execution services of nine US brokers to its global connectivity network.
The expansion of options brokers on the Fidessa network follows the launch of the firm’s integrated options and equities trading platform for US sell-side firms in October 2009.
The nine brokers are Ballista Securities, Barclays Capital, BofA Merrill Lynch, Citi, ConvergEx Group’s LiquidPoint, Credit Suisse, Goldman Sachs, OnPoint Executions and
Penson Financial Services. The brokers will offer services such as direct market access, algorithmic trading and high-touch trading, all of which can be used in conjunction with Fidessa’s options and equities platform.
“Following the introduction of options functionality on our US sell-side trading platform earlier this year, we expect to see a real upsurge in the automation of options trading in 2010,” said Martin Hakker, executive vice president, marketing, Fidessa, in a statement.
Access to Fidessa’s network, which now links over 2,300 buy-side companies to 4,500 brokers and 120 markets globally, is available via a direct FIX connection or Fidessa’s own buy-side and sell-side trading solutions.