Danske Bank has selected Fidessa’s sell-side trading platform to support its equity trading business. Danske Bank will adopt Fidessa’s managed enterprise model, which will provide it with access to a sophisticated workflow platform delivered through a fully hosted infrastructure.
This proximity-hosted solution is deployed, operated and managed by Fidessa’s own specialist team. Danske Bank will be Fidessa’s first managed enterprise client in the region. Fidessa’s trading platform will be the technology infrastructure for Danske Bank’s institutional trading desk, as well as providing the platform for the execution of its retail flow. The bank will be able to leverage Fidessa’s low-latency direct market access (DMA) technology, combining connectivity and routing to multiple venues across Europe.
Kim Lilmose, chief operating officer (COO) at Danske markets, equities, said: “We found Fidessa to be the best front office trading solution out there, and so we are excited to be working with them going forward. Fidessa’s deployment model gives us the flexibility we need. It delivers a high performance platform that is both scalable and resilient while allowing us to focus on developing new services and making these available to our clients quickly and efficiently.”