SaaS to the rescue for First Securities
2 Jul 2010:
By Neil Ainger, editor of FSTech www.fstech.co.uk
Oslo-based investment firm First Securities is introducing Fidessa’s Software as a Service (SaaS) sell-side trading platform, incorporating smart order routing and connectivity options to multiple liquidity venues.
It will allow Swedbank subsidiary to cope with an increasingly fragmentde marketplace.
The SaaS trading solution from Fidessa installed at First Securities comprises of specialist platforms developed for the European, US, Canadian, Japanese and Asian financial markets, and includes electronic order management capabilities, smart order routing, real-time market data, and global market connectivity.
Commenting on the decision to install the new solution, Peter Wessel, head of equities at First Securities, said: “It is fundamental to our business strategy that we offer the best possible service to our buy-side clients and that philosophy underpins this choice.”
“The requirement to upgrade our trading capabilities was largely prompted by the liquidity fragmentation that has characterised the European market over the last two years,” he added. “With this decision we are future-proofing ourselves against further change – for example the Oslo Børs’ move to the TradElect platform and the London Stock Exchange’s later move to the Millennium Exchange platform.”
Leave a Reply