Fidessa group plc (LSE: FDSA) today announced that its futures & options trading platform has been named Sell-side Trading System of the Year at the FOW International Awards. This is the fifth consecutive win for Fidessa in this category and follows a win in the same category, for the fourth year running, at FOW's Awards for Asia, announced in September.

Fidessa has continued to invest heavily in its trading platform to provide a truly competitive solution to the challenges faced by market participants today. Among the many enhancements added in the past year are sophisticated call level management functionality that allows users to create and manage call level alerts within the trading workflow, and new self-match prevention functionality that monitors for potential self-matches across all trade flow, markets and regions. The advanced synthetic spread tool has also been enhanced to allow relative value trading for fixed income instruments, including DV01 values, enabling traders to accurately hedge interest rate exposure and achieve duration neutral strategies.

Commenting on their decision to award the prize to Fidessa, a member of the judging panel said: "They have really pushed onwards with their derivatives product in 2016, with the follow-the-sun global order management and new options functionality proving welcome additions to an already market leading product. Post-trade capabilities and self-match prevention functionality is really advanced."

Justin Llewellyn-Jones, Fidessa’s global head of derivatives, said: "We are always striving for excellence in the provision of trading and risk management capabilities that enable our customers to succeed in today's complex and cost-conscious trading environment. We are committed to supporting them with the very best workflow solution, wherever they may be trading, and it is gratifying that our efforts have been recognised by the industry with this prestigious award."

Scaling to support single user execution through to fully-integrated global order management, Fidessa's platform enables futures brokers of all sizes to benefit from fully automated workflow for trading futures, options, exchange-traded strategies and US Treasuries. Fidessa also offers a global connectivity network of 730 brokers, 5,300 buy-sides and more than 60 derivatives markets, augmented this year with the addition of NFX, CurveGlobal and the Dalian Commodity Exchange.

This latest award was presented at FOW's gala dinner in London last night.