Fidessa launches Prospector, a new tool to uncover trading and crossing opportunities

Provider of trading, investment and information solutions to the financial industry Fidessa Group plc (LON:FDSA) today announces a further development to its Optimized Trading initiative with the launch of Fidessa Prospector.

Prospector is tightly integrated within Fidessa’s OMS, eliminating the need to move between applications or re-key data. The tool monitors both live and historical client trading activity, client ‘watch lists’, shareholdings data and traders’ interests. This secures genuine insight and context, and so answers the key questions: Who do I call right now? What do I say? Who do I call next?

Jay Biancamano, Head of Equities Product Marketing for Fidessa in the Americas, says:

“With Prospector, traders are immediately alerted to matching opportunities for live orders and any historic activity for the accounts they cover, with no information leakage. They won’t miss trading opportunities and, crucially, they can strike fast. In today’s highly competitive markets, that’s a real differentiator.”

Prospector enables traders to populate their internal merchandise boards manually or automatically, providing them with a high level of control. Color-coded heat maps for live orders and historic activity allow traders to quickly spot the most relevant matches. Prospector also uses an algorithm that dynamically reflects historical activity over time and so produces results that are ever more customized to the individual sales trader and his clients.

Biancamano adds,

“The search for liquidity is all about bringing together the right information, the right way, and then acting fast. This delivers meaningful value for the buy-side and, importantly, is something they will pay for”.

Fidessa’s Optimized Trading initiative is focused on extending the range of integrated tools available in its OMS to offer the ‘super sales traders’ powerful insight, and so empower them in an increasingly automated and competitive world.

You can view the full announcement about Prospector by clicking here.

Read Also: