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Jefferies Deploys Global Trading Infrastructure on Fidessa Managed Enterprise Platform

Fidessa group, provider of high-performance trading, investment management and information solutions for the world’s financial community, has today announced that Jefferies, a leading global investment banking firm, has expanded its implementation beyond US and European trading solutions to include Fidessa’s global portfolio trading platform.

The new system, which fully integrates portfolio trading functionality with Fidessa’s US trading platform and European trading platform, has resulted in significant cost savings and improved efficiencies. The new solution will provide access to 124 exchanges around the world through a single consolidated global trading view. Jefferies’ traders using the Fidessa platform across the firm’s offices in the US and Europe can act as one cohesive team, with access to identical trading screens providing visibility into the entire company’s equity trading activities.

The implementation is the result of Fidessa and Jefferies working closely together to quickly develop a system where all equities desks are seamlessly integrated across several geographies. In addition to the enhancements made to the firm’s global trading environment, the resulting platform represents a new model and extends the way Fidessa deploys solutions in a hosted environment.

Dan Charney, global head of electronic trading services at Jefferies, commented: “We decided to work with Fidessa after evaluating several other vendors who ultimately could not offer the broad reach and infrastructure necessary for a truly global integrated solution. Fidessa has demonstrated that it has the robust functionality, the intuitive user interfaces and the flexibility of approach we need. With plans to expand the solution into Asia in the next few months, it’s reassuring to know that we have partnered with a company that has the breadth and depth to support us.”

Michael Tsafas, global head of equities technology at Jefferies, said: “The new system extends the trading strategies that we are able to offer our global client base and ensures that all customers who rely on Jefferies for portfolio trading will receive a uniformly high standard of service, regardless of their location. The successful implementation of this global trading platform is the result of mutual trust and dependability and has extended the global capabilities of both Fidessa and Jefferies in the trading arena.”

Justin Llewellyn-Jones, chief operating officer at Fidessa US, added: “The timeline for this implementation was incredibly aggressive, requiring coordination between our international offices and synchronization of our different trading platforms. Fidessa has always focused on delivering products that meet client demands. This partnership has added a new dimension to the way we deploy our hosted services and created an unparalleled technology solution for one of the biggest firms on Wall Street.”

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