Fidessa Extends Solace Support to Its Platform

London-headquartered Fidessa Group PLC has announced the availability of a native Solace adapter on its Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term. This will boost throughput and resilience between Fidessa applications and customer firms’ Solace messaging infrastructure.

Fidessa has been using Solace for years as its messaging platform and has now integrated GS3 (Global Switching, Security and Service Integration) middleware with the Solace platform. This will provide inbound and outbound data across the full suite of Fidessa applications, and across all hubs in Fidessa's globally distributed installations.

Mentioning this integration, Fidessa’s Director of Group Strategy Steve Grob said: “The rapid take-up of Solace technology across our customer base aligns with our approach of making available key components of Fidessa architecture to top-tier firms. Combined with other initiatives, this enables firms to deploy new systems without the usual headaches in terms of integration, change control and IP delivery.”

Performance accelerated sellout

Earlier this year, Fidessa agreed to a takeover by Swiss fintech ‎company Temenos in a deal worth up to £1.4 billion ($1.96 billion). This came after the firm's announcement of a year-on-year revenue increase of seven percent, reaching £353.9 million.

Moreover, Fidessa last month launched a new service, called BlockShadow, with an aim to place orders across various venues simultaneously, including dark markets. This centralized service manager was introduced to ensure the best possible 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 of positions across several venues, as well as to prevent over-fill of orders that would exceed the desired volume.

"A key part of our success has been that the Solace interface is the same regardless of where data resides, be it on-site or in the cloud. Our partnership with Fidessa makes our proposition even more powerful by providing tangible, real-world advantage," Keith McAuliffe, General Manager of Financial Services at Solace, added.