Fidessa continues derivatives expansion with Chicago office
New location to service local clients and support global trading
Chicago, March 13, 2012 – Fidessa group plc (LSE: FDSA), provider of high-performance trading, investment management and information solutions for the world’s financial community, has today announced the expansion of its US presence with an office in Chicago. Fidessa chose Chicago to support its expanding client roster and serve as a strong regional base for global futures and options trading.
The new office, located in the Willis Tower, will support new and existing clients that are using Fidessa’s global trading solutions for derivatives and other asset classes. Fidessa will staff the office with existing personnel and new hires in Chicago with expertise in the equities and derivatives markets. The office is expected to experience continued growth in 2012, as it provides the market-leading level of service and support which Fidessa clients have come to expect.
Justin Llewellyn-Jones, Chief Operating Officer at Fidessa US, comments: “We are delighted to continue our long-term derivatives growth strategy with our expansion in Chicago. As we build on our success in this space, our derivatives clients are demanding next-generation risk management, comprehensive market data and global order routing services to support their derivatives strategies. By establishing a regional presence in Chicago, we are well positioned to deliver these services efficiently and strategically support their efforts.”
Dan Smalley, Head of F&O Business Development at Fidessa US, adds: “Opening an office in Chicago supports our derivatives strategy and will allow us to leverage our infrastructure to deliver greater value to both large and small customers in this space. The 25 largest global futures commission merchants (FCMs) have significant operations in the region and our industry-leading solutions put us in a great position to take advantage of the opportunities they present both within the region and in the global derivatives market.”
Underpinning all of Fidessa’s trading solutions is its global network, one of the world’s most wide-reaching and powerful trading networks. It connects 3600 participants and 200 venues across the Americas, EMEA and Asia, including more than 34 derivatives exchanges, and carries the order flow of more than US $800 billion each month.
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About Fidessa group
Exceptional trading, investment and information solutions for the world’s financial community.
New technology, new regulation, new challenges: making money in today’s financial markets is all about staying ahead of the curve. Having the capability to spot new trends and act fast turns change into opportunity. That’s why 85% of the world’s premier financial institutions trust Fidessa to provide them with their multi-asset trading and investment infrastructure, their market data and analysis, and their decision making and workflow technology. It’s also why $10 trillion worth of transactions flow across our global network each year. Because we’re the market leader, we can also offer unique access to the world’s largest and most valuable trading community of buy-side and sell-side professionals, from global institutions and investment banks to boutique brokers and niche hedge funds.
Fidessa is a global business with scale, resilience, ambition and expertise. We’ve delivered around 30% compound growth since our stock market listing in 1997 and we’re recognised as the thought leader in our space. We set the benchmark with our unrivalled set of mission-critical products and services and, uniquely, serve both the buy-side and sell-side communities. Ongoing investment in our leading-edge, integrated solutions ensures Fidessa remains the industry’s number one choice.
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