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Fidessa group plc (LSE: FDSA) has today announced that its derivatives trading platform has been named Sell-side Trading System of the Year at the FOW Awards for Asia 2016. Judged by an independent panel of industry experts from a range of disciplines across the region, these awards recognise leadership, growth and achievement in the Asian derivatives marketplace. This is the fourth year running that Fidessa's platform has been recognised in these awards as the leading trading system in Asia.
Justin Llewellyn-Jones, Global Head of Derivatives at Fidessa, commented: "We are very pleased that Fidessa's futures and options trading capabilities have been endorsed once again by the industry. We have anticipated many of the complex workflow requirements of Asia's regional brokers and global firms and invested heavily to ensure that we meet them."
With client order flow increasingly routed through low-touch execution channels, the value of Fidessa's new low-latency DMA platform (XTP) was highlighted by one of the award judges who said: "XTP ticks all the boxes in terms of what large banks need to manage global, multi-asset trading books." Providing high-performance, scalable and consistent access to global markets, XTP offers futures brokers, who typically utilise multiple ISV solutions, an agnostic execution layer that allows them to preserve their clients' freedom of choice while increasing efficiency.
Over the past year a number of other new features have been fully integrated into the derivatives trading workflow to enable users to provide an optimum and differentiated level of service. These include order stitching and bulking/compositing capabilities (described by another of the judges as "neat"), sophisticated call level management and powerful self-match prevention functionality.
Because the Fidessa platform scales to support everything from single user execution through to fully-integrated global order management, brokers of all sizes are benefitting from its capabilities.
"An increasing number of commodity trading firms are recognising the value of Fidessa's workflow too, and we have recently been selected by a global commodities firm with business operations across Asia, Europe and the US as its business partner." Llewellyn-Jones added. "It is gratifying to receive validation that our ongoing investment in the platform continues to deliver what market participants need to remain competitive."
The award was presented at the FOW Awards for Asia Gala Dinner in Singapore on 22nd September 2016.
