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CGM Goes Live With Fidessa For Options Trading

To support both its options and equities business lines

Capstone Global Markets (CGM), a broker dealer specializing in volatility trading strategies, has went live on Fidessa group’s fully hosted and integrated options and equities trading platform in the US.

Reportedly, Fidessa’s US hosted platform provides equity trading solution targeted at small and mid-tier firms. The addition of options trading is expected to improve the complete nature of this system, which also incorporates integrated market data, charts and news.

According to the Fidessa, CGM can now manage its option and equity positions and data all on a single platform. CGM will also use BlueBox, its integrated algorithmic trading engine which allows it to trade algorithmically using their own memberships.

Randal Scharringhausen, a principal at CGM said: “We chose the Fidessa trading platform because its robust, functionally rich options and equity trading capabilities allow us to manage our customer order flow more effectively. This complements the focus on client service that our boutique environment provides.”

“Scalability was also an important selling point. We wanted a global solution to support both our options and equities business lines, and that could ultimately be rolled out to our European office following the US deployment. Fidessa has worked closely with us to understand our requirements and we look forward to working with them as our business continues to expand,” he added.

David Polen, SVP at Fidessa, said: “Increasingly, brokers are looking to provide a ‘one-stop-shop’ for all their clients’ trading needs. To support this, we’ve enhanced our existing trading platform to allow firms to trade and clear complex options.”