Orange Business Services - Trading Solutions announced a new deal with Fidessa group plc. Under this deal, Fidessa clients can now use Trading Solutions' financial extranet, TCSnet, directly from Fidessa's European Data Centres to satisfy their demanding high performance, highly resilient global connectivity needs.
Fidessa and Trading Solutions' customers, including broker/dealers, asset managers and hedge funds, increasingly need extensive connectivity between each other as well as to the world's financial markets. Having the right links in place and using the correct infrastructure is key to ensuring that their trading flow is handled quickly and reliably.
"We have been working with Orange Business Services - Trading Solutions for some time and during this period the company has shown exceptional client support and quick time to market on the services we have been using. Connecting to Fidessa was an imperative for our customers, as was having one of the most reliable connectivity services in place to handle our customers' orders and trade flow. We knew that Trading Solutions would provide one of the best connectivity experiences possible," said Javier Dominguez, Managing Partner at Auriga.
Fidessa's community of over 2,900 buy-side investment firms and 700 sell-side brokers can now make use of a fully-integrated connectivity service from TCSnet, as well as potentially accessing over 2,000 Trading Solutions customers.
"Fidessa is one of the very few suppliers that covers every stage of the investment process and that easily adapts to different market and regional needs. For their managed enterprise solution or on a Software as a Service (SaaS) basis, Fidessa now allows their domestic and international clients to trade markets electronically using the TCSnet service," said Sebastien Jaouen, head of Global Sales at Orange Business Services - Trading Solutions. "This deal highlights our commitment to responding quickly to our clients' needs as we continuously look to connect them to the trading resources they require."
"Trading Solutions' TCSnet offers our customers one of the best connectivity solutions possible, with access to over 50 key financial hubs across the globe. With a reliable, secure and low-latency network, the TCSnet connectivity service is quick, reliable and efficient," said Mark Bever, Director at Fidessa group.
The Trading Solutions portfolio includes fully managed voice and data services. It helps manage market data flows, electronic trading and order routing. It also handles clearing and settlement and ensures business continuity. The network is tailor-made for the trading industry, offering SIP-based services for enhanced flexibility and performance, better BCP strategies and business-oriented applications.