DUBAI & LONDON, Thursday, July 15th 2010 [ME NewsWire]:
(BUSINESS WIRE)-- Fidessa group plc (LSE:FDSA), provider of award-winning trading, market data and global connectivity solutions for the buy-side and sell-side, today announced that a number of its clients have deployed the Fidessa sell-side order management system to trade NASDAQ Dubai equities from day one of trading on DFM's X-Stream trading platform.
Following Dubai Financial Market's (DFM) acquisition of two thirds of the shares of NASDAQ Dubai from NASDAQ OMX and Borse Dubai, NASDAQ Dubai outsourced trading in its listed equities to DFM's X-Stream technology platform which went live on July 11. Working closely with the exchanges, Fidessa met challenging timescales to ensure that its trading system was fully compliant, enabling its clients in that region to go live seamlessly on the new infrastructure from day one.
Ian Salmon, Head of Enterprise Business Development at Fidessa, commented: “We have been supporting several NASDAQ Dubai members for a number of years and it is pleasing to have met the aggressive timescales and specific requirements associated with this significant transition so comfortably. Working very closely with NASDAQ Dubai has undoubtedly played a big part here, and the project as a whole is a further sign of Fidessa’s firm commitment to the Middle East region. Our aim is to achieve comprehensive regional coverage, and the successful completion of this work takes us a step closer to realising that.”
Dean Noble, Head of Market Operations at NASDAQ Dubai, added: “DFM and NASDAQ Dubai have both achieved notable success as listing and trading venues, but with different approaches. The outsourcing of NASDAQ Dubai’s trading and other market operations functions to DFM has enabled each to benefit from the other’s strengths. This move will build critical mass for Dubai’s capital markets more quickly, providing a powerful trading hub for the GCC and the wider Middle East region.”
In the last twelve months Fidessa has expanded the range of services it offers across the Middle East. The company announced earlier this week that NCB Capital has selected its sell-side trading platform to support its retail and institutional client operations on the Saudi stock market, as well as its global trading activities. Fidessa has also signed brokers such as EFG Hermes and Mubasher Financial Services to its global connectivity network, one of the largest and most diverse trading communities in the world, linking more than 2,400 buy-side institutions, 530 brokers and 130 markets across Europe, the Middle East, Asia Pacific and the Americas.
Fidessa group serves around 25,000 users across more than 850 clients around the world and its products are used by more than 85 per cent of tier-one financial institutions.
About NASDAQ Dubai
NASDAQ Dubai is the international financial exchange serving the region between Western Europe and East Asia. It welcomes regional as well as global issuers that seek regional and international investment. The exchange currently lists shares, derivatives, exchange-traded commodities, structured products, Sukuk (Islamic bonds) and conventional bonds.
The majority shareholder of NASDAQ Dubai is Dubai Financial Market with a two-thirds stake. Borse Dubai owns one third of the shares. The regulator of NASDAQ Dubai is the Dubai Financial Services Authority (DFSA). NASDAQ Dubai is located in the Dubai International Financial Centre (DIFC).
www.nasdaqdubai.com
About Fidessa group
Fidessa group is the leading supplier of multi-asset trading, portfolio analysis, decision support, compliance, market data and connectivity solutions for firms involved in trading the world’s financial markets. Fidessa’s products and services are built on the simple vision of making it easier to buy, sell and own financial assets of all types on a global basis.
PEDIGREE
A dynamic, growing company with a proven track record, Fidessa is recognised as the thought leader in the marketplace, with an unrivalled set of products and services which set the benchmark for this industry and, uniquely, serve both the buy-side and sell-side communities globally.
EXPERIENCED
With over 28 years’ experience delivering powerful, resilient, mission-critical systems, Fidessa develops all its products itself from the ground up, investing heavily in their continual evolution. The resulting leading-edge, truly integrated solutions have established Fidessa as the industry’s number one choice, and are used by over 85% of tier-one, global financial institutions.
SCALE
Headquartered in London and with regional operations across Europe, North America, Asia, and the Middle East, Fidessa supports 25,000 users across 850 clients, serving a broad spectrum of customers from major investment banks and asset managers through to specialist niche brokers and hedge funds.
ESTABLISHED
Fidessa group is listed on the London Stock Exchange (symbol FDSA) and is a FTSE 250 company. Fidessa has a turnover of around £240m, has delivered 30% compound growth since its 1997 listing and now employs 1,500 people globally.
www.fidessa.com
Fidessa® is a registered trademark of Fidessa Group plc
All product and company names herein may be trademarks of their registered owners
For media enquiries, please contact:
Fidessa
Simon Barnby
+44 20 7105 1250
simon.barnby@fidessa.com
Aspectus PR (for Fidessa)
Alastair Turner/Ellie Bacon
+44 20 7182 4081
fidessa@aspectuspr.co.uk
NASDAQ Dubai
Mark Fisher
+971 4 3612220
Mob: +971 50 6245805
mark.fisher@nasdaqdubai.com
Showing posts with label Fidessa. Show all posts
Showing posts with label Fidessa. Show all posts
Thursday, July 15, 2010
Tuesday, July 13, 2010
Partnership with NCB Capital strengthens Fidessa's MENA operations
Fidessa steps into the retail spotlight as Saudi Arabia's largest investment company adopts its sell-side trading platform
Kingdom of Saudi Arabia, Tuesday, July 13th 2010 [ME NewsWire]:
(Businesswire) Fidessa group plc (LSE:FDSA) provider of award-winning trading systems, market data and global connectivity to buy-sides and sell-sides globally, today announced that NCB Capital (NCBC), the Saudi Arabian investment company and asset manager, has selected Fidessa’s sell-side trading platform to support its retail and institutional client operations on the Saudi stock market, as well as its global trading activities.
This move underpins Fidessa’s commitment to the Middle East and, with more than one million retail customers, NCBC represents Fidessa’s largest client in the region.
Rajiv Shah, Director of Enterprise Services for Fidessa in EMEA, states: ‘We are delighted to expand our footprint in the region with such a leading player and pioneer in the financial markets. The structure of the MENA markets, with their vast array of high net worth, retail and institutional investors, demands a powerful and adaptable core technology architecture. Our flexible and high performance platform provides a sophisticated and robust solution that can seamlessly integrate all of NCBC's trading operations and so provide a best-of-breed service to both their retail and institutional clients."
The agreement incorporates Fidessa’s world-class order management and exchange trading infrastructure as well as its global connectivity network across which NCBC will route its international order flow. Fidessa will now support NCBC's existing member trading requirements on local MENA markets as well as allowing them to trade global markets through the 530 brokers that are already a part of the Fidessa network community.
Fidessa’s products serve 25,000 users across 850 clients around the world and are used by more than 85 per cent of tier-one financial institutions. Fidessa's connectivity network is one of the world's largest and most diverse trading communities, linking more than 2,400 buy-side institutions to more than 530
brokers across EMEA, Asia Pacific and the Americas. In 2009, Fidessa’s network increased its traffic by 40 per cent and now carries executed order flow of around $640 billion each month.
-ends-
About NCB Capital
NCB Capital is the investment banking arm of National Commercial Bank, the largest bank in Saudi Arabia. Since its launch in 2007, the firm has grown a strong reputation as a leading provider of high quality services to individual, corporate and institutional clients, through wealth & asset management, brokerage and investment banking businesses.
It is the largest investment bank in Saudi Arabia with over one million clients and SR54 billion ($14.4 billion) of assets under management and the Kingdom’s largest Shariah-compliant fund business with a 38 percent market share through 26 mutual funds (as of June 2010). As a result, NCB Capital is the world’s largest Shariah-compliant asset manager.
www.ncbc.com
About Fidessa group
Fidessa group is the leading supplier of multi-asset trading, portfolio analysis, decision support, compliance, market data and connectivity solutions for firms involved in trading the world’s financial markets. Fidessa’s products and services are built on the simple vision of making it easier to buy, sell and own financial assets of all types on a global basis.
PEDIGREE
A dynamic, growing company with a proven track record, Fidessa is recognised as the thought leader in the marketplace, with an unrivalled set of products and services which set the benchmark for this industry and, uniquely, serve both the buy-side and sell-side communities globally.
EXPERIENCED
With over 28 years’ experience delivering powerful, resilient, mission-critical systems, Fidessa develops all its products itself from the ground up, investing heavily in their continual evolution. The resulting leading-edge, truly integrated solutions have established Fidessa as the industry’s number one choice, and are used by over 85% of tier-one, global financial institutions.
SCALE
Headquartered in London and with regional operations across Europe, North America, Asia, and the Middle East, Fidessa supports 25,000 users across 850 clients, serving a broad spectrum of customers from major investment banks and asset managers through to specialist niche brokers and hedge funds.
ESTABLISHED
Fidessa group is listed on the London Stock Exchange (symbol FDSA) and is a FTSE 250 company. Fidessa has a turnover of around £240m, has delivered 30% compound growth since its 1997 listing and now employs 1,500 people globally.
For media enquiries, please contact:
Simon Barnby
Fidessa
+44 207 105 1250
simon.barnby@fidessa.com
Alastair Turner/Ellie Bacon
Aspectus PR (PR agency)
+44 20 7182 4081
fidessa@aspectuspr.com
Kingdom of Saudi Arabia, Tuesday, July 13th 2010 [ME NewsWire]:
(Businesswire) Fidessa group plc (LSE:FDSA) provider of award-winning trading systems, market data and global connectivity to buy-sides and sell-sides globally, today announced that NCB Capital (NCBC), the Saudi Arabian investment company and asset manager, has selected Fidessa’s sell-side trading platform to support its retail and institutional client operations on the Saudi stock market, as well as its global trading activities.
This move underpins Fidessa’s commitment to the Middle East and, with more than one million retail customers, NCBC represents Fidessa’s largest client in the region.
Rajiv Shah, Director of Enterprise Services for Fidessa in EMEA, states: ‘We are delighted to expand our footprint in the region with such a leading player and pioneer in the financial markets. The structure of the MENA markets, with their vast array of high net worth, retail and institutional investors, demands a powerful and adaptable core technology architecture. Our flexible and high performance platform provides a sophisticated and robust solution that can seamlessly integrate all of NCBC's trading operations and so provide a best-of-breed service to both their retail and institutional clients."
The agreement incorporates Fidessa’s world-class order management and exchange trading infrastructure as well as its global connectivity network across which NCBC will route its international order flow. Fidessa will now support NCBC's existing member trading requirements on local MENA markets as well as allowing them to trade global markets through the 530 brokers that are already a part of the Fidessa network community.
Fidessa’s products serve 25,000 users across 850 clients around the world and are used by more than 85 per cent of tier-one financial institutions. Fidessa's connectivity network is one of the world's largest and most diverse trading communities, linking more than 2,400 buy-side institutions to more than 530
brokers across EMEA, Asia Pacific and the Americas. In 2009, Fidessa’s network increased its traffic by 40 per cent and now carries executed order flow of around $640 billion each month.
-ends-
About NCB Capital
NCB Capital is the investment banking arm of National Commercial Bank, the largest bank in Saudi Arabia. Since its launch in 2007, the firm has grown a strong reputation as a leading provider of high quality services to individual, corporate and institutional clients, through wealth & asset management, brokerage and investment banking businesses.
It is the largest investment bank in Saudi Arabia with over one million clients and SR54 billion ($14.4 billion) of assets under management and the Kingdom’s largest Shariah-compliant fund business with a 38 percent market share through 26 mutual funds (as of June 2010). As a result, NCB Capital is the world’s largest Shariah-compliant asset manager.
www.ncbc.com
About Fidessa group
Fidessa group is the leading supplier of multi-asset trading, portfolio analysis, decision support, compliance, market data and connectivity solutions for firms involved in trading the world’s financial markets. Fidessa’s products and services are built on the simple vision of making it easier to buy, sell and own financial assets of all types on a global basis.
PEDIGREE
A dynamic, growing company with a proven track record, Fidessa is recognised as the thought leader in the marketplace, with an unrivalled set of products and services which set the benchmark for this industry and, uniquely, serve both the buy-side and sell-side communities globally.
EXPERIENCED
With over 28 years’ experience delivering powerful, resilient, mission-critical systems, Fidessa develops all its products itself from the ground up, investing heavily in their continual evolution. The resulting leading-edge, truly integrated solutions have established Fidessa as the industry’s number one choice, and are used by over 85% of tier-one, global financial institutions.
SCALE
Headquartered in London and with regional operations across Europe, North America, Asia, and the Middle East, Fidessa supports 25,000 users across 850 clients, serving a broad spectrum of customers from major investment banks and asset managers through to specialist niche brokers and hedge funds.
ESTABLISHED
Fidessa group is listed on the London Stock Exchange (symbol FDSA) and is a FTSE 250 company. Fidessa has a turnover of around £240m, has delivered 30% compound growth since its 1997 listing and now employs 1,500 people globally.
For media enquiries, please contact:
Simon Barnby
Fidessa
+44 207 105 1250
simon.barnby@fidessa.com
Alastair Turner/Ellie Bacon
Aspectus PR (PR agency)
+44 20 7182 4081
fidessa@aspectuspr.com
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