Fidessa is gearing up for multi-market trading in Australian equities this year, announcing that it passed the vendor certification test with Chi-X’s new Australian equity trading venue.
As a provider of high performance trading, investment management and information solutions, Fidessa said it is ready to provide access to multiple trading platforms that will emerge in Australia later this year.
“We are pleased that Fidessa is working so closely with our trading participants as Australia opens equities trading to new entrants,” commented Jason Keady, Director Markets & Operations, Chi-X Australia, in today’s release. “Chi-X has collaborated successfully with Fidessa through our ventures around the world and we look forward to enjoying a similarly supportive and committed relationship with the firm in Australia.”
Fidessa also recently signed a deal with the Australian Securities Exchange (ASX) to provide the software and technology infrastructure for ASX Best, a multi-market trading application that allows smart order routing between venues. ASX Best will enable participants to meet their best execution obligations in the new multi-market trading environment by enabling the routing of orders to all lit and dark trading venues. The international trading community wanting to access Australia will also benefit from this development, the company stated in its release.
Fidessa, whose global trading community consists of more than 27,000 users across 950 buy-side and sell-side firms.
In today's release, Steve Grob, director of group strategy for Fidessa, pointed out that Fidessa is able to bring experience from the other regions to Australia and build on the relationships with domestic firms that we have established in recent years. "We are encouraged by the contracts that we have already won as market participants rethink their technology in light of the impending market structure changes. Chi-X Global has become a trusted partner of Fidessa around the world and we look forward to working closely with its Australian team.”
Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio