ABG Sundal Collier Goes Live with Fidessa's Trading Platform

  • Trading Systems
  • 24.05.2017 08:30 am

Fidessa group plc (LSE: FDSA) today announced that ABG Sundal Collier (ABGSC) has implemented Fidessa's workflow platform to support its brokerage services across both equities and derivatives. ABGSC has deployed Fidessa's platform for its Sales and Execution business across its operations in Stockholm, Oslo, Copenhagen, Frankfurt, London and New York.

The regulatory imperatives and cost pressures prevalent in today's markets are impacting brokers irrespective of their size or sphere of operation. At the same time clients are demanding ever-more sophisticated liquidity access across a range of different asset classes. Fidessa's proven workflow capabilities, global footprint and expertise in managing and hosting large scale trading operations were significant factors in ABGSC's decision to implement its platform. Fidessa's extensive MiFID II platform development programme - delivering enhanced controls, increased transparency, regulatory order and trade data, compliance monitoring and SI quoting capabilities - also proved compelling as ABGSC prepares for implementation of the new rules in January 2018.

Providing connectivity to all the major equity and derivatives markets worldwide, Fidessa's platform enables ABGSC to take advantage of powerful order management functionality and a range of intelligent trading tools. As part of this, ABGSC has also implemented Fidessa's new optimised trading initiative which comprises a number of highly visual displays and the ability to alter orders in-flight in order to achieve the best possible execution outcomes for their clients. Another component of this initiative is Fidessa Prospector which combines structured and unstructured data to alert ABGSC's traders to potential large block trading opportunities.

Daniel Lundqvist, Head of Sales Trading Sweden & Execution Global at ABGSC commented: "A review of our existing technology led us to search for a robust, reliable and cost-efficient solution that would enable us to provide the high quality of execution services that our local and international investors are demanding, both today and post-MiFID II. With a well-deserved reputation for the quality of its software, a deep understanding of the equity and derivatives markets and the proven ability to support global trading operations, Fidessa was the natural choice for us."

Peter Holmgren, Regional Sales Manager at Fidessa, added: "As the services brokers offer are increasingly polarised around high and low-touch trading, it is important to have a platform that delivers the best technology and capabilities for each. Fidessa has invested heavily in tools to empower the Sales Trader of today and which will allow ABGSC to add real and differentiating value to the service they offer. And our investments in global infrastructure and multi-asset electronic trading capabilities mean that ABGSC can now offer automated trading services to clients that are second to none. We're delighted to be working with them as they look to rationalise their trading technology and build on their long-established business."

The strengths of Fidessa's platform have been recognised with a number of prestigious industry awards this year, including Best Sell-side OMS at the Markets Media Markets Choice awards, Best Front Office Execution Platform at the Waters' Sell-Side Technology Awards and Best Trading and Execution Technology Provider at the CTA Intelligence US Awards. Fidessa Prospector was also voted Best New Product at the 2017 Fund Technology and Wall Street Letter Awards.

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