Fidessa group plc (LSE: FDSA) has entered into a strategic partnership with Alpha Omega, a post-trade solutions provider, supporting Fidessa's Affirmation Management Service (AMS), according to a Fidessa statement.

Fidessa’s post-trade AMS system caters to both the buy- and Sell-Side , helping foster alternative affirmation processing. The partnership between Fidessa and Alpha Omega will encompass multiple asset classes, with the exception of derivatives that are slated for inclusion in the near future.

The decision to utilize Fidessa’s AMS utility is important for Alpha Omega’s clients as the solution will help streamline and simply the onboarding process. Fidessa’s AMS has established itself as an alternative industry utility to central matching, which will aim to Leverage Alpha Omega's affirmation workflow and integration expertise, thereby expanding its reach within the asset management community to firms using third party OMS platforms.

According to David Pearson, Head of Post-trade Services at Fidessa, in a recent statement on the partnership: "The AMS utility is all about helping the industry achieve its need for lower cost and more efficient affirmation processing. By partnering and collaborating with Alpha Omega, we strengthen that vision and accelerate the growth of our global network."

"We are delighted to partner with Fidessa and seamlessly connect our asset manager clients to Fidessa’s broker/dealer community for trade confirmation/affirmation. We believe that this partnership is a significant step forward in making the adoption of FIX-based, post-trade processing easy and cost-effective,” added Kamal Duggirala, Chief Executive Officer of Alpha Omega.

Fidessa group plc (LSE: FDSA) has entered into a strategic partnership with Alpha Omega, a post-trade solutions provider, supporting Fidessa's Affirmation Management Service (AMS), according to a Fidessa statement.

Fidessa’s post-trade AMS system caters to both the buy- and Sell-Side , helping foster alternative affirmation processing. The partnership between Fidessa and Alpha Omega will encompass multiple asset classes, with the exception of derivatives that are slated for inclusion in the near future.

The decision to utilize Fidessa’s AMS utility is important for Alpha Omega’s clients as the solution will help streamline and simply the onboarding process. Fidessa’s AMS has established itself as an alternative industry utility to central matching, which will aim to Leverage Alpha Omega's affirmation workflow and integration expertise, thereby expanding its reach within the asset management community to firms using third party OMS platforms.

According to David Pearson, Head of Post-trade Services at Fidessa, in a recent statement on the partnership: "The AMS utility is all about helping the industry achieve its need for lower cost and more efficient affirmation processing. By partnering and collaborating with Alpha Omega, we strengthen that vision and accelerate the growth of our global network."

"We are delighted to partner with Fidessa and seamlessly connect our asset manager clients to Fidessa’s broker/dealer community for trade confirmation/affirmation. We believe that this partnership is a significant step forward in making the adoption of FIX-based, post-trade processing easy and cost-effective,” added Kamal Duggirala, Chief Executive Officer of Alpha Omega.