Nomura chooses Fidessa's trading platform for its global derivatives operation

Nomura chooses Fidessa's Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term for its global derivatives operation

In keeping with the trend wherein both buy side and sell side institutions are adopting technology solutions across the entire life cycle of the trading process, Fidessa Group PLC (LSE: FDSA) has announced that Nomura has chosen its trading platform for its global futures and options trading activity. In addition to the market data and execution connectivity to major derivatives market centers, Nomura will also be utilizing Fidessa’s functionality which provides a unified, seamless view into Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term, compliance and reporting functions. The global solution will be deployed in the US and Europe in early 2013 and in Asia Pacific thereafter.

Many large institutions have transitioned to using enterprise-wide solutions that span across multiple assets classes and multiple functions within the trading ecosystem. Simple order management systems (OMS) have evolved to include not only front end execution functionality, but also middle office and other work flow (e.g. risk management) considerations. Technology vendors, such as Fidessa, are increasingly finding that clients are looking for widely applicable solutions. This need is driven by regulatory changes, market structure dynamics and simple firm economics that require solutions that work across the trading infrastructure as opposed to one-function, one-solution paradigms.

Michelle Neal, Global Head of Electronic Markets, Futures & Options and Derivatives Clearing at Nomura, stated: "Regulations are reshaping the derivatives markets, and it is essential that we have a world-class technology infrastructure to meet these new requirements on behalf of our clients. Fidessa is known for the strength and sophistication of its order management system. Having its robust technology to support our derivatives trading activity will help us deliver market-leading results for our clients."

Stephen Barrow, Global Sales Director at Fidessa, added: "The strengths of our multi-asset platform are completely aligned with the changes affecting the futures and options industry. The convergence of OTC flow and exchange-traded activity increases the need for systems that can handle complex workflow and fragmented markets: capabilities that are central to our solution and that we have honed over a number of years. This functionality and understanding, coupled with our robust global infrastructure and proven capacity to run large-scale derivatives systems, is fuelling significant interest in our technology across the globe."

According to the firm, Fidessa's multi-asset trading solutions serve more than 25,000 users across 950 clients around the world. The Fidessa FIX connectivity network carries over $10 trillion of order flow annually and connects 2,900 buy-sides to 700 brokers across 200 markets globally.