Fidessa Signs New Contracts
Fidessa has announced that Société Générale Corporate & Investment Banking (SG CIB) has gone live with its smart order routing (SOR) service to provide best execution for its clients across European markets. A Fidessa-hosted enterprise client since 2004, SG CIB is using the SOR capabilities to automatically and intelligently split orders across multiple venues, which is designed to give traders a consolidated virtual market view. Through Fidessa, SG CIB now connects to 15 European exchanges and to Chi-X Europe, and will soon extend its connectivity to Turquoise and its own internalised liquidity. In other news, Fidessa has announced that Russian investment bank OTKRITIE Financial Corporation has joined its global connectivity network. The bank now offers its direct market access (DMA) and execution desk access (EDA) services across Fidessa’s global network that provides access to over 255 brokers, 1500 buy-side institutions and 92 exchanges globally.