Fidessa Group said it added foreign exchange trading to its buy-side workstation. The execution platform will provide advanced trading features for more than 1,300 currency pairs, the supplier of high-performance trading technology said.
Market data will come from Fidessa’s established global ticker plants. Workstation connections will be managed by Fidessa, through its global network.
Fidessa will provide direct access to major brokers of currency transactions and market-leading foreign exchange hubs.
“This is a significant enhancement for the workstation,’’ said Russell Thornton, Global Head of Buy-side Workstation Solutions at Fidessa. “FX trading is an important part of the trading operation in all buy-side firms, be that for currency risk management, settlement cash management or investment trading. “
Fidessa supplies a broker-neutral, multi-asset trading workstation that is designed to work with a trading firm’s order management system.
The workstation is supplied as an online service.
Tom Steinert-Threlkeld writes for Securities Technology Monitor.