Fidessa Group Elevates David Polen to Global Head of Electronic Execution

Fidessa Group plc, the UK-based provider of financial services and software solutions for brokers and exchanges, has announced the appointment of David Polen as its newest Global Head of Electronic Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term, according to a Fidessa Group statement.

Fidessa has been active across multiple asset classes, including Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term, and has undergone a number of deals this year, including co-locating with the SGX in such far away locales as Vietnam. As an execution specialist, the group has been adapting to a shifting market this year, with ultimately the promotion of Mr. Polen.

Helping Brokers across All Asset Classes

According to Mr. Polen in a recent statement on the appointment, "Fidessa's aim is to help brokers focus on trading ideas, rather than regulatory and technical intricacies. Navigating the current trading landscape is already complex and costly, with many subtleties associated with trading across asset classes and geographies. Brokers should be able to deliver innovation to their clients across this environment quickly."

Mr. Polen will be responsible for facilitating a number of fully-managed solutions capabilities that can help address and adapt to this dynamic market. In particular, these solutions will help allow brokers to present global execution utility to their own clients in a more intelligent and cost-effective manner – Mr. Polen will be reporting to Mark Ames, Global Head of Sell-side Services for Fidessa.

"It's great to have David spearheading our efforts to strip out the complexity from global electronic execution. We aim to give brokers the breathing room to focus on creating a competitive advantage, while reducing costs and providing a homogenous trading experience,” added Mark Ames in an accompanying statement.