Digital Network

ATMonitor Venommedia Cooconnect

RFP News

Fidessa’s SaaS Division Marks 10 Years of Success
Published on Nov 29, 2010

Fidessa group plc is celebrating its 10th anniversary of offering Software as a Service (SaaS) systems to brokers in London and New York. Since delivering its first SaaS solutions in 2000, Fidessa has expanded the service across multiple regions to cover Asia, Japan, continental Europe and Canada, and now serves around 10,000 users across 600 clients.

At the same time, significant new functionality and capabilities have been constantly added to keep the service ahead of market and client demands.

Today Fidessa offers fully managed and integrated FIX connectivity to more than 2,400 buy-sides and 550 sell-sides through Fidessa’s global network which carries order flow with a value of around $700 billion each month. Many original clients that went live with the service back in 2000 are still using it today.

Chris Aspinwall, CEO of Fidessa, explains the decision to offer a new model:

“Traditionally, Fidessa had been in the business of providing enterprise solutions to big international players. By 2000, this model was well established globally, and we recognised the opportunity to provide the same functionally rich and resilient technology, coupled with integrated market data and client/market connectivity, to a new audience through a SaaS delivery. We are proud that this model has proved so successful and that many of those original clients are still taking advantage of the service today.”

Trevor Gatfield, IT Director at Investec Securities, explains:

“In the last ten years our requirements have changed dramatically, both in terms of throughput and with regard to the multiple venues on which we now trade. The SaaS model has scaled with us and supported us throughout and, importantly, it means we can get on with our core business. That’s good news for us and for our clients.”

Bobby Tipping, Head of Trading at Arbuthnot Securities, agrees:

“What really sets Fidessa apart is its people. We know their product has the functionality we need, but it’s the close working relationship we have developed that has made Fidessa the right choice for us – they are a true partner. The work they do for both buy-side and sell-side firms gives them a significant competitive advantage over their rivals too.”

Jon Solodar, Managing Director and Head of US Institutional Trading at Canaccord Genuity, noted:

“As the markets and our business continue to evolve our partnership with Fidessa has allowed us to remain flexible and expand our institutional equities offerings to our clients.”

Russ Campbell, Chief Operating Officer at US-based Triad Securities, adds:

“Fidessa has always had a reputation for delivering robust and resilient technology, and that’s the case with their SaaS solution too. In the ten years we’ve been using it, it’s been rock solid. Their broker neutrality adds to the package as well.” *

Vendor name: Fidessa group plc
Product name: SaaS
Product type: Service Oriented Architecture (SOA)

0 comments Post Comment plus

On our website you can find 6000 products from 3157 companies
Announce your products/ services on! Listing Costs $250 per/year Get listed today!

Featured Vendor

PriceMetrix Inc.

Logo PriceMetrix is a software firm that helps retail wealth management firms and their advisors optimize selling efforts, manage clients, identify growth opportunit ...

Version Control

FRSGlobal − Front Runner in Risk Mgmt and Regulatory Reporting


Steve Husk, CEO of FRSGlobal, discusses the factors financial institutions are faced with in order to equip themselves against the current regulatory environment.

View ISSUE >>
Research Paper

Sponsored Vendors

Don't miss out!

We're constantly updating with the latest news and research from hundreds of leading technology vendors.

Sign Up to our e-mail alert service to stay up to date.