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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 judging panel of independent industry experts has recognised the Fidessa Fragulator® as the most innovative vendor market data project at the Inside Market Data awards.
The awards, presented in New York on Wednesday, are designed to recognise industry excellence in the field of data management.
The Fidessa Fragulator® is a free-to-use web-based tool that allows the trading community to analyse over 2 billion trade records from more than 50 different market feeds to get an immediate view of the complete trading pattern of any European stock or index over any time period. This enables buy-sides, sell-sides and market centres to make sense of fragmentation and to make better decisions as to which venues to participate in.
As well as showing the percentage of the stock traded on lit venues, dark pools, Systematic Internalisers and bilateral OTC trades, it gives a per-venue breakdown of share volume, number of trades, average trade sizes, market share and volume-weighted average price.
The Fragulator® is a truly creative innovation that adds real value to the trading community on a continual basis.
Commenting on the award Steve Grob, Director of Group Strategy at Fidessa, said: “The Fidessa Fragulator® leverages our heavyweight ticker plant technology with a nimble, highly intuitive front end. It is now seen by many as the industry barometer of fragmentation and the Inside Market Data award reinforces this view. Above all though, we believe that the high level of usage and feedback from the trading community has enabled us to continually enhance and refine the product and we look forward to extending the Fragulator’s® reach into new markets and regions. ”
The Fidessa Fragulator® can be accessed at http://fragmentation.fidessa.com, the home of the Fidessa Fragmentation Index (FFI), a simple, unbiased measure of how different stocks are fragmenting across primary markets and alternative venues. Fidessa's fragmentation web site aims to enable better understanding of the changing structure of the European markets following the introduction of MiFID and provides a forum for the trading community to debate the impact of these developments.
Fidessa serves 25,000 users across 850 clients around the world and is used by more than 85 per cent of tier-one financial institutions. Fidessa’s network provides connectivity to 2,400 buy-sides and 530 brokers across 130 markets globally.
