Fidessa

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Fidessa Group plc
Public limited company
Traded as LSEFDSA
Industry Software
Founded 1981
Headquarters London, United Kingdom
Key people
John Hamer - Chairman, Chris Aspinwall - CEO, Andy Skelton - CFO
Products Trading & investment management systems, analytics & market data
Revenue £353.9 million (2017)[1]
£49.6 million (2017)[1]
£35.7 million (2017)[1]
Website www.fidessa.com

Fidessa group plc is a British-headquartered company which provides software and services, such as trading and investment management systems, analytics and market data, to buy side and sell side clients in the financial services sector.

The company is headquartered in London with offices in New York City, Chicago, Boston, Tokyo, Hong Kong, Paris, Toronto, San Francisco, Singapore, Sydney, São Paulo, Woking and Belfast. It is listed on the London Stock Exchange and is a member of the FTSE 250 Index.

History

The Company was founded in 1981 as Intercom Data Systems (IDS): it was later renamed royalblue Group plc,[2] and consisted of two separate operating divisions, royalblue Financial and royalblue Technologies. With the group's core trading platform, Fidessa, being better known in the market place, the Royalblue Group plc changed its name to Fidessa Group plc following shareholder approval at the AGM held in April 2007.[3] In November 2008, Fidessa launched its Fidessa Fragmentation Index.[4] In April 2011 Fidessa launched the Tradalyzer that provides detailed trading analysis.[5]

On 20 February 2018 it was announced that Temenos Group was in advanced talks to purchase Fidessa. The following day, Fidessa's board recommended that shareholders accept an offer of £35.67 per share to purchase the company, valuing it at £1.4 billion.[6]

This offer was later beaten by an offer from ION Investment Group who offered £39.50 per share[7].

Operations

Market penetration

As of early 2009, around 70% of all securities transactions in London were reportedly handled by Fidessa systems.[8]

Products

In addition to a trading platform, Fidessa hosts a broker neutral FIX-enabled execution network. This has a large number of brokers connected to it and is similar to other inhouse FIX networks, such as the LSE Hub, the SunGard Transaction Network (STN) and Thomson Reuters subsidiary TradeWeb's Autex Trade Route.[9]

References

  1. ^ a b c "Preliminary Results 2017" (PDF). Fidessa. Retrieved 25 March 2018. 
  2. ^ Royalblue Group Forbes, 2000
  3. ^ "Royalblue to change name, looking for acquisitions". Reuters. 12 February 2007. 
  4. ^ "Financial Industry Trading News - Algorithmic Trading News - Automated Trader". automatedtrader.net. Retrieved 28 March 2015. 
  5. ^ Fidessa unveils Tradalyzer in Canada Automated Trader, 17 August 2011
  6. ^ "Temenos agrees 1.4 billion pound deal for Fidessa, activist Elliott enters". Reuters. 21 February 2018. Retrieved 25 March 2018. 
  7. ^ "Fidessa dumps Temenos in favour of £1.5bn Ion offer". 20 April 2018. Retrieved 4 July 2018. 
  8. ^ Sandle, Paul (16 February 2009). "Fidessa beats FY forecasts, sees 2009 growth". Reuters. Retrieved 2009-03-13. 
  9. ^ "Tradeweb to Offer Access to Asian Dark Pool BlocSec". Wall Street and Tech.com. 5 October 2010. Retrieved 3 April 2016. 

External links

  • Official site
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