Fidessa Group Assimilates ATG’s Algo Trading Capabilities

Finesse's users have tapped into ATG-supported algo models in Brazil.

Americas Trading Group (ATG) has embarked on a partnership with equities trading platform provider Fidessa Group Plc (LSE: FDSA), helping grant Fidessa’s users algo trading models across the Brazilian market, according to an ATG statement.

Fidessa’s sell-side equities trading platform allows for support across a plethora of trading operations across global exchange venues and companies. The new accord will see the integration of ATG’s algorithmic trading models into Fidessa’s OMS and connectivity network, tapping into local Equinix data centers.

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The partnership is important for Fidessa’s users as it allows for a concrete foothold and revamped capabilities in the Brazilian market through the use of comprehensive trading algorithms, backed by ATG’s execution. Moreover, Fidessa users can opt to utilize one or more local market participants to provide the necessary DMA sponsored access to the exchange – presently ATG boasts a broker relationship pool that is 25 strong.

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SVP, Product Marketing-Electronic Execution, Fidessa
SVP, Product Marketing-Electronic Execution, Fidessa

According to Nigel Holmes-Mitchell, Senior Vice President (SVP) Product Marketing for Electronic Execution at Fidessa, in a recent statement on the collaboration: “We are always looking to provide our users with the best and widest variety of execution services, no matter what part of the world they need to trade in.”

“With the increasing importance and interest in trading across Latin America, the need for sophisticated and locally-sourced algos and execution services is something our users are asking for. By integrating ATG’s algo suite, we are addressing this need and further strengthening our best-in-class execution offering,” he added.

“The combination of Fidessa’s global reach with ATG’s local knowledge is extremely powerful. This integration provides a gateway for Fidessa users around the world to access ATG’s local execution expertise, which is particularly important today with the increase of cross-border trading,” reiterated Carlos Barros, Head of Sales at ATG in an accompanying statement.

Earlier this month, Fidessa made headlines after it unveiled the latest iteration of its Minerva buy-side order management system (OMS), which helped upgrade provisions for enhanced order handling capabilities across futures, options and swaps, as well as comprehensive support for Latin American interest rate futures.

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