Fidessa group plc announced the debut of Fidessa Prospector, a lliquidty search tool that aims to discover potential trading and crossing opportunities.
Fidessa calls Prospector The next step in its Optimized Trading initiative.
Prospector is integrated within Fidessa’s OMS, which removes the need for the traders between applications or re-key data. Prospector monitors both live and historical client trading activity, client ‘watch lists’, shareholdings data and traders’ interests.
“With Prospector, traders are immediately alerted to matching opportunities for live orders and any historic activity for the accounts they cover, with no information leakage. They wont miss trading opportunities and, crucially, they can strike fast. In today’s highly competitive markets, that’s a real differentiator,” said Jay Biancamano, head of equities product marketing for Fidessa in the Americas.
According to a Fidessa press statement, Prospector uniquely allows traders to populate their internal merchandise boards manually or automatically, giving them a level of control that is not available with other solutions. Color-coded heat maps for live orders and historic activity enable traders to quickly spot the most relevant matches. Prospector also uses a unique algorithm that dynamically reflects historical activity over time and so delivers results that are ever more customized to the individual sales trader and his clients.
“The search for liquidity is all about bringing together the right information, the right way, and then acting fast. This delivers meaningful value for the buy-side and, importantly, is something they will pay for,” said Biancamano.
