Fidessa's Buy-Side Community Gathers in New York to Examine Key Industry Issues

Fidessa's Buy-Side Community Gathers in New York to Examine Key Industry Issues
28.10.2016 08:15 am

Fidessa's Buy-Side Community Gathers in New York to Examine Key Industry Issues

Trading Systems

 Fidessa group recently held its second annual buy-side client conference which brought together 70 senior executives from global asset management firms. Themed "Invested in the Future" the conference provided attendees with an opportunity to examine topics ranging from unbundling to block trading, and automation to post-trade.

Kicking off with a focus on MiFID II, Fidessa's senior regulatory adviser Dr Christian Voigt outlined the impact that US buy-sides should expect from this European-based regulation. David Polen, Global Head of Electronic Execution at Fidessa, discussed the difference between handling high-touch and low-touch order flow, and explained how brokers have tooled themselves up to offer critical services to the buy-side. A panel made up of representatives from BATS, Luminex and PDQ looked at the issues buy-sides face in filling large block orders. Chaired by Jay Biancamano, Head of US Sell-side Product Marketing at Fidessa, the group concluded that regulatory overreach was hampering block trading today and recommended allowing the market to determine the block landscape, not regulators.

Day two focused on Fidessa's award-winning buy-side product set and the initiatives underway to drive them forward, interlaced with some first-hand industry experience from firms including SSgA, Liquidnet, BGC Partners, TradeWeb and BlackRock.

Product Manager Steven Strange discussed Fidessa's compliance initiatives in holding simulation and stress testing, trading compliance and trade surveillance. Product Director Richard Hooke showcased recent work from Fidessa's technology lab around active compliance – a new way to leverage compliance data earlier in the decision-making process to enable fund managers to create valid orders faster to implement investment strategy. Trading-focused sessions ranged from achieving efficiencies with increased automation to capitalizing on recent developments in bond execution. Fidessa's Head of Post-trade, David Pearson, was joined by industry experts to discuss the ways in which post-trade operations are moving to a lower cost, more efficient and direct model.

Closing the conference, Alan Lawrence, Head of Buy-side Development, outlined Fidessa's buy-side product roadmap and the firm's ongoing plans to dramatically reduce total ownership costs with an automatic GUI install and provision of an automated testing platform.

With attendance up 17% on last year and positive industry feedback Fidessa plans to return again in the fall of 2017.

Related News

BidFX Releases Flagship FX Desktop Trading Application on OpenFin

BidFX, the leading cloud-based provider of electronic foreign exchange trading solutions, today announced a significant addition to its product range delivered... Read more »

NeoXam Expands Itiviti Partnership to Deliver FIX Benefits to the Buy-Side

NeoXam, a leading financial software company, has announced an enhancement to its partnership with Itiviti that enables buy-side customers to... Read more »

Ideal Prediction Awarded ‘Best Surveillance Provider’ By FX Markets

Ideal Prediction (Ideal), the independent trading analysis and data science company for capital markets, has won the FX Markets award for ‘Best Surveillance... Read more »

Refinitiv Wealth Management to Power Trading Central’s Market Buzz Platform With Reuters news and Refinitiv Digital Analytics

Refinitiv today announced a strategic agreement with Trading Central for the provision of Reuters digital news and Refinitiv analytics capabilities to... Read more »

Klarna Raises $650M from Silver Lake-led Investor Group and Becomes Europe's Biggest Fintech Unicorn

Klarna, the leading global payments and shopping service, is pleased to announce it has raised $650 million in an equity funding round, at a post money... Read more »

Integral Launches Next Gen SDP to Meet Industry Demand

Integral, a leading FX technology provider, announced today that it has launched the latest version of its next generation trading platform.

Available... Read more »

Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel