Jefferies International goes live with Fidessa trading platform

Investment banking group Jefferies has rolled out royalblue's Fidessa hosted trading platform at its operations in the UK.

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Jefferies International goes live with Fidessa trading platform

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The vendor says Fidessa has replaced SunGard's Brass system at Jefferies and will be used as the firm's primary equity trading system for the London and main European markets.

The platform is electronically connected to Jefferies internal order routing system and enables real-time STP processing of trades and trading on a principal basis in ADRs (US, Canadian and Australian).

The vendor says the network - which provides the company with electronic trading links to all main European markets - enables the firm to act as a Retail Service Provider (RSP) for London Stock Exchange stocks.

Royalblue says institutional inbound electronic order for London sales traders are also processed by the system with 18 Jefferies users split between London, Paris and New York offices currently being served by the infrastructure.

Franck Sidon, CIO, Jefferies International, says: "Jefferies' equity business is multi-faceted and ranges from electronic trading to market making and agency broking. With Fidessa we managed to get a single platform to handle all our listed trading business."

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