Fidessa adds BlueBox to hosted Asian Trading Platform

• By Blogger
• 1 July, 2013
• 7 Comments

Fidessa group plc (LSE:FDSA) has announced the addition of  BlueBox, its fully-integrated algorithmic trading engine, to its  hosted Asian trading platform for brokers. BlueBox provides  access to pre-built, industry standard algorithmic strategies  along with a toolkit for clients wanting to build and offer their  own proprietary models.

Already live in several other regions of the world, BlueBox  incorporates low-latency market data and global exchange  connectivity, thus providing a cost-effective solution for  brokers keen to enter the algorithmic trading space.

Incorporating BlueBox into the Fidessa hosted Asian trading  platform will make this solution available to mid-tier brokers  across the region, allowing them to automate their own trading  activities as well as to offer direct access to their algorithmic  strategies to their buy-side clients.

David Jenkins, Business Solutions Manager at Fidessa in Asia,  comments: “Fidessa BlueBox has redefined the algorithmic market  by lowering the financial barriers and complexities of  algorithmic solutions. With this Asian launch we have initially  added new models for VWAP, TWAP, POV, Passive and Short-sell  tailored for the local markets. These models are specifically  designed to allow for dual-session trading days and non-trading  periods, and incorporate model-generated volume curves which plot  the unique characteristics of these markets.”

“These new tools enable our clients to optimally execute their  order flow with both passive and aggressive strategies” adds  Jenkins. “Our Asia-Pacific clients are increasingly demanding  advanced solutions for executing their trades, as well as  requiring the flexibility to offer their own innovations directly  to their clients. The Fidessa BlueBox offering addresses both  these requirements.”