Investment bank Jeffries Group Inc. is turning to Fidessa's global portfolio trading platform as part of a push to multiply its global trading capabilities.
Jeffries said Fidessa's hosted trading system will allow it to expand the products it offers to clients, while enabling the firm's global equities trading desks to work together more closely. Fidessa added that its system is designed to allow the buy-side to integrate multiple trading platforms across geographies.
"We decided to work with Fidessa after evaluating several other vendors who ultimately could not offer the broad reach and infrastructure necessary for a truly global integrated solution," Dan Charney, Jeffries' global head of electronic trading services said in a statement.
Jeffries added that the move comes ahead of plans to expand into Asia over the next few months.