Fidessa group, a provider of trading, portfolio analysis, compliance, market data and connectivity solutions for the buy-side and the sell-side globally, has integrated US options trading into its EMS Workstation.
The system now supports fast trading for this asset class directly from redesigned options matrix and market depth views. The EMS Workstation also supports users’ DMA, care and algorithmic trading needs, as well as smart order routing and access to options algorithms.
The EMS Workstation is a broker-neutral, low-latency trading workstation that supports equities and listed derivatives across global markets. It provides access to more than 130 execution venues and over 530 brokers worldwide and incorporates real-time market data, including level 1 and level 2 security and index data, news, charts and fundamentals. Market data is now also available for all seven US options exchanges and can be accessed within the level 2 and options matrix controls.
As a Software as a Service (SaaS) solution, the EMS is quick to deploy, requiring minimal or no technical support by customers. Its broker neutrality gives clients complete control over who they trade with, enabling them to diversify and reduce risk by managing their own execution strategy. The total cost of ownership of the application is relatively low, with a per screen fee model in place with brokers.
Martin Hakker, EVP Marketing for Fidessa in North America, said: “The US options functionality is a key development for the product as it enables clients to trade both US equities and options from a single platform. This allows them to reduce the total cost of ownership of their trading technology, while still remaining competitive.”
Russell Thornton, EMS product manager for Fidessa, said: “It allows clients to expand their geographical reach and is an ideal workstation for any asset manager, from small hedge funds to larger institutional managers, or smaller, mid-tier brokers wishing to expand their services and attract order flow from around the world.”