Fidessa
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| Type | Public (LSE: FDSA) |
|---|---|
| Founded | 1981 |
| Headquarters | London, UK |
| Key people | Chris Aspinwall (CEO), John Hamer (Chairman of the board) |
| Industry | Software |
| Products | Trading systems, market data |
| Revenue | £189.1 million (2008)[1] |
| Operating income | ▲ £22.5 million (2008)[1] |
| Net income | ▲ £27.7 million (2008)[1] |
| Employees | 1,280 (2008)[1] |
| Website | www.fidessa.com |
Fidessa Group plc is a British-based company which provides software and services such as trading systems to clients in the financial services sector. The firm also provides market data and related services to buy side and sell side financial services customers.
The company is headquartered in London with offices in Woking, New York, Boston, Tokyo, Hong Kong, Paris, Toronto, San Francisco, Belfast and Bahrain. It is listed on the London Stock Exchange and is a member of the FTSE 250 Index.
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[edit] History
Originally founded in 1981 as IDS, the Company was later renamed Royalblue Group plc. It has been listed on the London Stock Exchange since 1997.
With the group's core trading platform, Fidessa, being better known in the market place, the Royalblue Group plc changed its name to Fidessa Group plc following shareholder approval at the AGM held in April 2007.[2] The change of name took effect on 1 May 2007.
In March 2007 the company also bought out the privately owned buy side trading provider LatentZero.[3] This was then rebranded as Fidessa LatentZero.[4].
In November 2008, Fidessa launched its Fidessa Fragmentation Index (FFI).[5] This helps to show how fragmented stocks are across exchanges following the MiFID European landscape. Since its inception it has highlighted as one of the most interesting technical developments in the financial sector in 2008 by Finextra.[6]
[edit] Operations
[edit] Market penetration
Around 70% of all securities transactions in London are handled by Fidessa systems.[7]
[edit] Products
Fidessa
A sell-side suite used by 85% of the tier one global equity brokers.[8] It provides trading, market data, order management and execution capabilities.
Fidessa LatentZero
A buy-side Order Management System (OMS) suite used by 8 out of 10 of the global asset managers. It provides trading, order management, portfolio modelling and execution capabilities.
FIX Network
In addition to a trading platform, Fidessa host a broker neutral FIX-enabled execution network. This has a large number of brokers connected to it and is similar to other inhouse FIX networks, such as the LSE Hub.
[edit] Competition
Fidessa's main competitors are DST Systems Inc., Charles River Development, Sungard, SimCorp, Linedata Services, Orc Software amongst others.
[edit] Clients
Fidessa's clients tend to be mid to large size financial institutions.
[edit] References
- ^ a b c d "Annual Results 2008" (PDF). Fidessa. http://www.fidessa.com/investors/reports/2008/2008_interim_preliminary.pdf. Retrieved on 2009-03-13.
- ^ Royalblue to change name, looking for acquisitions | Deals | Mergers & Acquisitions | Reuters
- ^ Fidessa buys Latentzero 17 April 2007
- ^ Bobsguide - Fidessa Latentzero Minerva Oems Provides Access To Fx Connect
- ^ Fidessa Fragmentation Index (FFI)
- ^ Fidessa fragmentation index recognised as major innovation
- ^ Sandle, Paul (16 February 2009). "Fidessa beats FY forecasts, sees 2009 growth". Reuters. http://www.reuters.com/article/rbssTechMediaTelecomNews/idUSLG82274120090216?sp=true. Retrieved on 2009-03-13.
- ^ About Fidessa
