LONDON, UNITED KINGDOM and CHICAGO, ILLINOIS--(Marketwire - Oct. 29, 2012) - Fidessa group plc (LSE:FDSA), provider of high-performance trading, investment management and information solutions for the world's financial community, has today announced that Nomura has selected its trading platform to support its global futures and options trading activity.
Fidessa's trading platform will handle all of Nomura's listed derivatives business across the firm's global operations. Supporting highly complex front and middle office workflow, Fidessa's platform comes complete with global market data and connections to all major derivatives markets worldwide.
Michelle Neal, Global Head of Electronic Markets, Futures & Options and Derivatives Clearing at Nomura, commented: "Regulations are reshaping the derivatives markets, and it is essential that we have a world-class technology infrastructure to meet these new requirements on behalf of our clients. Fidessa is known for the strength and sophistication of its order management system. Having its robust technology to support our derivatives trading activity will help us deliver market-leading results for our clients."
In addition to global order management, Nomura will leverage Fidessa's specialised derivatives algorithms, including benchmark algos and synthetic order types. A centralised risk and compliance function provides full audit trails and reporting functionality to meet regulatory demands. The global platform will be implemented in the US and Europe in the early part of 2013, with Asia Pacific and Japan to follow.
Stephen Barrow, Global Sales Director at Fidessa, added: "The strengths of our multi-asset platform are completely aligned with the changes affecting the futures and options industry. The convergence of OTC flow and exchange-traded activity increases the need for systems that can handle complex workflow and fragmented markets: capabilities that are central to our solution and that we have honed over a number of years. This functionality and understanding, coupled with our robust global infrastructure and proven capacity to run large-scale derivatives systems, is fuelling significant interest in our technology across the globe."
Fidessa's multi-asset trading solutions serve more than 25,000 users across 950 clients around the world. The Fidessa FIX connectivity network carries over $10 trillion of order flow annually and connects 2,900 buy-sides to 700 brokers across 200 markets globally.
About Fidessa group
Exceptional trading, investment and information solutions for the world's financial community.
New technology, new regulation, new challenges: making money in today's financial markets is all about staying ahead of the curve. Having the capability to spot new trends and act fast turns change into opportunity. That's why 85% of the world's premier financial institutions trust Fidessa to provide them with their multi-asset trading and investment infrastructure, their market data and analysis, and their decision making and workflow technology. It's also why $10 trillion worth of transactions flow across our global network each year. Because we're the market leader, we can also offer unique access to the world's largest and most valuable trading community of buy-side and sell-side professionals, from global institutions and investment banks to boutique brokers and niche hedge funds.
Fidessa is a global business with scale, resilience, ambition and expertise. We've delivered around 30% compound growth since our stock market listing in 1997 and we're recognised as the thought leader in our space. We set the benchmark with our unrivalled set of mission-critical products and services and, uniquely, serve both the buy-side and sell-side communities. Ongoing investment in our leading-edge, integrated solutions ensures Fidessa remains the industry's number one choice.
Nomura is a leading financial services group and the preeminent Asian-based investment bank with worldwide reach. Nomura provides a broad range of innovative solutions tailored to the specific requirements of individual, institutional, corporate and government clients through an international network in over 30 countries. Based in Tokyo and with regional headquarters in Hong Kong, London, and New York, Nomura employs over 27,000 staff worldwide. Nomura's unique understanding of Asia enables the company to make a difference for clients through three business divisions: retail, asset management, and wholesale (fixed income, equities, and investment banking). For further information about Nomura, please visit www.nomura.com.
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