Fidessa group plc (LSE: FDSA) has been judged Best Execution Management System at the Financial News Awards for Excellence in Trading & Technology. Presented at a gala dinner in London on Wednesday, the award is testament to Fidessa's ongoing programme of development of its Investment Management System (IMS).
A key part of Fidessa IMS – an integrated workflow platform covering the entire investment lifecycle – the firm's multi-asset Execution Management System gives asset managers total control of the execution process and provides connectivity to more than 800 brokers, broker algorithms and global cross-asset DMA destinations.
Commenting on the win, Richard Hooke, Buy-side Product Director at Fidessa, said: "We’ve worked extremely hard and invested heavily to ensure that our solutions continue to meet the needs of market participants. With a customer base that spans a wide range of firms, from large institutional managers to boutique hedge funds, we deliver the reliability and functionality that they require in today's complex and cost-conscious marketplace. This award is testament to that and we're delighted to have been recognised by the industry in this way."
Fidessa IMS provides the buy-side community with sophisticated portfolio management, real-time position management, compliance, order management, routing and execution capabilities. Delivered via a unique combination of software and managed services, it provides an optimised cost-of-ownership model.
The Financial News Awards for Excellence in Trading & Technology are independent and fee-free, drawing on anecdotal information from analysts, sell-side and buy-side firms, exchanges, clearing houses and industry experts, as well as empirical data, to draw up a shortlist. An independent panel of more than 50 judges comprising established industry veterans and experts votes on this shortlist.