Fidessa and Alpha Omega Launch Partnership, Expanding AMS Capabilities

Fidessa group plc (LSE: FDSA) has entered into a strategic partnership with Alpha Omega, a post-trade solutions provider, supporting Fidessa's Affirmation Management Service (AMS), according to a Fidessa statement.

Fidessa’s post-trade AMS system caters to both the buy- and Sell-Side Sell-Side Those in the financial industry involved with the production, marketing, and the sale of bonds, forex, stocks, and other financial instruments constitute the sell-side.Products and services produced by the sell-side are geared towards those who on the buy-side. You can think of the sell-side and buy-side like a coin, you cannot have one side without the other. The sell-side is comprised of individuals, firms, fintech companies, and market makers, who are responsible for providing liquidity in th Those in the financial industry involved with the production, marketing, and the sale of bonds, forex, stocks, and other financial instruments constitute the sell-side.Products and services produced by the sell-side are geared towards those who on the buy-side. You can think of the sell-side and buy-side like a coin, you cannot have one side without the other. The sell-side is comprised of individuals, firms, fintech companies, and market makers, who are responsible for providing liquidity in th Read this Term, helping foster alternative affirmation processing. The partnership between Fidessa and Alpha Omega will encompass multiple asset classes, with the exception of derivatives that are slated for inclusion in the near future.

The decision to utilize Fidessa’s AMS utility is important for Alpha Omega’s clients as the solution will help streamline and simply the onboarding process. Fidessa’s AMS has established itself as an alternative industry utility to central matching, which will aim to Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term Alpha Omega's affirmation workflow and integration expertise, thereby expanding its reach within the asset management community to firms using third party OMS platforms.

According to David Pearson, Head of Post-trade Services at Fidessa, in a recent statement on the partnership: "The AMS utility is all about helping the industry achieve its need for lower cost and more efficient affirmation processing. By partnering and collaborating with Alpha Omega, we strengthen that vision and accelerate the growth of our global network."

"We are delighted to partner with Fidessa and seamlessly connect our asset manager clients to Fidessa’s broker/dealer community for trade confirmation/affirmation. We believe that this partnership is a significant step forward in making the adoption of FIX-based, post-trade processing easy and cost-effective,” added Kamal Duggirala, Chief Executive Officer of Alpha Omega.