Ruffer Adopts Buy-Side Workstation

Ruffer LLP, the London-based investment management company with 12.3 billion GBP ($19.7 billion) in assets under management, has rolled out Fidessa's Buy-Side Workstation.

This is a Software as a Service or SaaS broker-neutral platform solution that controls trade execution and provides instant access to cross-asset DMA tools, algorithms and program trading.

"As a growing company we periodically review our systems," says Guy Shirley, business projects manager at Ruffer. "We were aware that Fidessa's system is widely used by both buy-side and sell-side firms. The Buy-side Workstation, combined with the strength of Fidessa's network, has provided us with a single point of access to our equity broker community. The scalability of Fidessa's solution means we can continue to grow our business without compromising high quality service."

Central to the success of the project was the establishment of a FIX interface between Fidessa and Ruffer's investment and order management solution, which is provided by Pulse Software Systems. Fidessa worked closely with Pulse and Ruffer to establish the FIX interface successfully, enabling straight-through processing of orders.

"We were impressed with the thorough and proactive approach of Fidessa's implementation team which delivered an impressive speed to market for us," confirms Shirley.

Fidessa claims that the Buy-side Workstation is supplied with market data and trading integration via the Fidessa network. The network provides low-latency FIX connectivity between 2,650 buy-sides and 650 brokers across 160 global markets, according to company claims.

Russell Thornton, Global Head of Buy-side Workstation Solutions at Fidessa adds: "The success with Ruffer is further affirmation of the quality and flexibility of our Buy-side Workstation. Users benefit from increased efficiency, risk reduction and heightened trading performance with negligible disruption during the very brief product implementation. This continues to be one of our key differentiators from other buy-side vendors. "

Started in 1994, Ruffer provides a discretionary portfolio management service for private clients, charities and pension funds. Ruffer currently has a staff of 148 and more information can be found at: www.ruffer.co.uk. Phil Albinus is the former editor-in-chief of Advanced Trading. He has nearly two decades of journalism experience and has been covering financial technology and regulation for nine years. Before joining Advanced Trading, he served as editor of Waters, a monthly trade journal ... View Full Bio