Fidessa On-Boards Chris Monnery as its Head of Product Marketing

Fidessa group plc (LSE: FDSA), a comprehensive provider of software and trading solutions for the financial services industry, has appointed Chris Monnery as its newest US Head of Product Marketing for Electronic Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term with immediate effect, per a group statement.

The appointment of Mr. Monnery is the company’s latest hire in its Sell-Side Sell-Side Those in the financial industry involved with the production, marketing, and the sale of bonds, forex, stocks, and other financial instruments constitute the sell-side.Products and services produced by the sell-side are geared towards those who on the buy-side. You can think of the sell-side and buy-side like a coin, you cannot have one side without the other. The sell-side is comprised of individuals, firms, fintech companies, and market makers, who are responsible for providing liquidity in th Those in the financial industry involved with the production, marketing, and the sale of bonds, forex, stocks, and other financial instruments constitute the sell-side.Products and services produced by the sell-side are geared towards those who on the buy-side. You can think of the sell-side and buy-side like a coin, you cannot have one side without the other. The sell-side is comprised of individuals, firms, fintech companies, and market makers, who are responsible for providing liquidity in th Read this Term business. In his new role he will be based out of New York where he will report to David Polen, Fidessa’s Global Head of Electronic Execution. Mr. Monmery’s arrival coincides with a gradual investment by Fidessa in its electronic execution suite over the past three years, which has seen an added focus on infrastructure and execution technology.

Mr. Monnery joins Fidessa from Citi, having worked in its North American Futures electronic trading unit. Additional roles also include senior positions at Morgan Stanley. According to Mr. Polen in a statement on the appointment: "We know that there is no one-size-fits-all in execution. We designed XTP as a set of building blocks that can be configured for the client's particular needs: institutional broker, clearing broker, proprietary firm. Chris's sell-side experience will be instrumental in further defining each of these."

"I am excited to be working with Fidessa. We operate in a global and cross-asset world, and brokers need to reflect this in both their high- and low-touch services. I've been impressed with the scale and commitment Fidessa has in delivering this to its clients. I'm looking forward to bringing my past experience to bear in the execution space and working with clients to deliver greater efficiencies and growth to their businesses,” added Mr. Monnery.