The newly added firms available on the Fidessa network to offer options execution services are Ballista Securities, Barclays Capital, BofA Merrill Lynch, Citi, ConvergEx Group’s LiquidPoint, Credit Suisse, Goldman Sachs, OnPoint Executions and Penson Financial Services
Access to these brokers’ services is available via a direct FIX connection or fully integrated into Fidessa’s own buy-side and sell-side trading solutions.
Martin Hakker, EVP of marketing at Fidessa, said: “We’re committed to expanding our global network to provide the broadest possible range of execution services on a global basis, and the addition of these brokers that can offer options execution services really reinforces that strategy. Following the introduction of options functionality on our US sell-side trading platform earlier this year, we expect to see a real upsurge in the automation of options trading in 2010.
“These brokerage firms see the benefits of the Fidessa community, and are able to offer their market-leading options, DMA, high-touch and algorithmic trading solutions to both the buy-side and sell-side via one of the largest trading networks in the industry.”
