Fidessa group plc (LSE:FDSA), provider of award-winning trading solutions for the buy-side and sell-side, today announced that Capstone Global Markets, LLC (CGM), is the first broker dealer to go live on its fully hosted and integrated options and equities trading platform in the US.

Fidessa’s US hosted platform provides a proven, cost-effective equity trading solution targeted at small and mid-tier firms. The addition of options trading to this solution enhances the complete and comprehensive nature of this system, which also incorporates integrated market data, charts and news.

CGM, an innovative, multi-strategy broker dealer that specializes in the execution and trading of volatility as an asset class globally, can now manage their option and equity positions and data all on a single platform. This offers CGM operational and cost efficiencies resulting from the combining of multiple trading systems, and minimizes risk by reducing the number of different systems involved. CGM will also use BlueBox, Fidessa’s integrated algorithmic trading engine which allows them to trade algorithmically using their own memberships.

Randal Scharringhausen, a principal at CGM says, “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.”

Scharringhausen adds, “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.”

David Polen, SVP hosted product marketing at Fidessa, comments, “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. Fidessa now brings the same innovation and dependability to options trading desks that we currently deliver to 85% of the world’s tier-one equities trading desks.”

Fidessa’s sell-side trading platform provides a full solution for US based firms, incorporating sophisticated functionality for advanced trading tools and compliance. The platform comes complete with integrated market data and connectivity to over 120 markets, 2,300 buy-sides and 400 brokers worldwide.

About Capstone Global Markets, LLC

Capstone Global Markets, LLC is an affiliate of Capstone Holdings Group L.L.C. Capstone Global Markets is a boutique broker dealer specializing in volatility trading strategies. The firm trades across equities, commodities, currencies, credit and fixed income markets. Capstone Global Markets provides institutional clients with access to markets in the U.S. and has a U.K. affiliate that provides access to markets in Europe. The firm's platform is based on cutting-edge technology, dynamic volatility analysis and trading strategies, and an investment in distinguished human capital.

About Fidessa group

Fidessa group is the leading supplier of multi-asset trading, portfolio analysis, decision support, compliance, market data and connectivity solutions for firms involved in trading the world’s financial markets. Fidessa’s products and services are built on the simple vision of making it easier to buy, sell and own financial assets of all types on a global basis.

PEDIGREE

A dynamic, growing company with a proven track record, Fidessa is recognized as the thought leader in the marketplace, with an unrivalled set of products and services which set the benchmark for this industry and, uniquely, serve both the buy-side and sell-side communities globally.

EXPERIENCED

With 28 years’ experience delivering powerful, resilient, mission-critical systems, Fidessa develops all its products itself from the ground up, investing heavily in their continual evolution. The resulting leading-edge, truly integrated solutions have established Fidessa as the industry’s number one choice, and are used by over 85% of tier-one, global financial institutions.

SCALE

Headquartered in London and with regional operations across Europe, North America, Asia, and the Middle East, Fidessa supports over 24,000 users across 730 clients, serving a broad spectrum of customers from major investment banks and asset managers through to specialist niche brokers and hedge funds.

ESTABLISHED

Fidessa group is listed on the London Stock Exchange (symbol FDSA) and is a FTSE 250 company. Fidessa has a turnover of around £200m, has delivered 30% compound growth since its 1997 listing and now employs 1,400 people globally.

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