Fidessa group plc announced that Prospector, its new liquidity tool for sales traders, has been voted Best Business Intelligence & Analytics Service in the Banking Technology Readers' Choice Awards. Now in their 17th year, the Banking Technology Awards recognise and reward excellence and innovation in the use of IT in financial services worldwide. This is the second industry award win for Prospector since its launch in March.

Prospector is designed to uncover trading and crossing opportunities that would otherwise be missed amongst the vast swathes of data available across many different systems. By monitoring live and historical client trading activity, client 'watch lists', shareholdings data and traders' interests, Prospector provides genuine insight and context in an increasingly complex and fast-moving marketplace. The ability to identify available liquidity and act quickly means that traders can provide better execution outcomes for their clients. By uncovering potential internal crossing opportunities Prospector also allows them to save on expensive exchange fees.

Prospector was launched earlier this year as a key part of Fidessa's Optimized Trading initiative. This strategy is focused on providing a range of tools that deliver the insight and trading capabilities that truly empower the next generation of sales traders, allowing them to deliver a truly value-added service to their clients and to differentiate themselves from others. All these tools are fully integrated within Fidessa's order management system.

James Blackburn, Global Head of Equities Product Marketing for Fidessa, commented: "In today's increasingly complex trading environment the search for liquidity depends on bringing together the right information, and making it available in the right way, so that traders can act fast to deliver the very best execution service to their clients. Prospector provides them with an innovative means of uncovering trading and crossing opportunities, right on their desktop. We are delighted to accept this award which underlines the value that market participants see in Prospector, delivering as it does clear and powerful competitive differentiation."

Presented at a gala dinner in London on 1st December, this award is the sixth for Fidessa's sell-side products and services in 2016. Prospector was also named Most Innovative Market Data Project at the Inside Market Data Awards in May.