Indian markets become increasingly accessible to Fidessa’s trading community
Fidessa group plc (LSE: FDSA), provider of high-performance trading, market data and global connectivity solutions for the buy-side and sell-side, has today announced that ICICI Securities Ltd., an integrated securities firm based in India, has joined its global connectivity network. The deal enables ICICI Securities to receive international Care and DMA flow from the 2,400 buy-sides and 550 sell-side firms already connected to the network, and enhances the ability of Fidessa’s worldwide community to access India’s rapidly evolving markets.
A Murugappan, Executive Director, ICICI Securities says, “Over the past few years, the Indian capital markets have witnessed a real transformation; the growth of electronic trading continues unabated and volumes on the BSE and NSE have grown significantly. By joining Fidessa’s global trading community, we will be able to offer all members our specialist knowledge on the Indian capital markets along with access to critical exchanges. ”
Enis Toumi from Connectivity Sales at Fidessa in Asia, says: “India is emerging as an increasingly important part of the Asian marketplace, drawing a growing appetite from overseas investors seeking out new trading opportunities. Recently, exchanges and regulators have introduced radical change with the introduction of DMA, algorithmic trading, co-location and SOR, which have all helped open up the space to new players. We are delighted, through the Fidessa network, to contribute to the growth in Indian market access and expand the reach from overseas. On-boarding a company of ICICI’s scale and reputation expands the depth and quality of our local coverage and will please international firms requiring fast, reliable remote access.”
ICICI Securities joins more than 20 Indian sell-side firms on Fidessa’s network, which covers 150 markets across EMEA, Asia Pacific and the Americas. The Fidessa trading network is one of the world’s most wide-reaching and powerful trading networks, which allows members to extend their trading business by attracting international flow and now carries executed order flow of more than US$800bn each month.
About Fidessa group
Fidessa group is the leading supplier of high-performance trading, portfolio analysis, decision support, Fidessa group is the leading supplier of high-performance trading, portfolio analysis, decision support, compliance, market data and connectivity solutions for firms involved in trading the world’s financial markets. Fidessa’s products and services are built on the simple vision of making it easier to buy, sell and own financial assets of all types on a global basis.
A dynamic, growing company with a proven track record, Fidessa is recognised as the thought leader in the marketplace, with an unrivalled set of products and services which set the benchmark for this industry and, uniquely, serve both the buy-side and sell-side communities globally.
With 30 years’ experience delivering powerful, resilient, mission-critical systems, Fidessa develops all its products itself from the ground up, investing heavily in their continual evolution. The resulting leading-edge, truly integrated solutions have established Fidessa as the industry’s number one choice, and are used by over 85% of tier-one, global financial institutions.
Headquartered in London and with regional operations across Europe, North America, Asia, and the Middle East, Fidessa supports 26,000 users across around 950 clients, serving a broad spectrum of customers from major investment banks and asset managers through to specialist niche brokers and hedge funds.
Fidessa group is listed on the London Stock Exchange (symbol FDSA) and is a FTSE 250 company. Fidessa has a turnover of over £260m, has delivered around 30% compound growth since its 1997 listing and now employs 1,600 people globally.
www.fidessa.com
About ICICI Securities Ltd.
ICICI Securities Ltd is an integrated securities firm offering a wide range of services like investment banking, , retail and institutional broking, private wealth management, private equity as well as financial product distribution.
ICICI Securities plays an important role in creating informed access to the wealth of the nation for its diversified clientele that includes corporations, financial institutions, high net-worth individuals and retail investors, through capital markets and a comprehensive range of financial products.
http://www.icicisecurities.com/
