Fidessa group Holdings Ltd (formerly Fidessa Group Plc), is a

British British may refer to: Peoples, culture, and language * British people, nationals or natives of the United Kingdom, British Overseas Territories, and Crown Dependencies. ** Britishness, the British identity and common culture * British English, ...

-headquartered company which provides

software Software is a set of computer programs and associated documentation and data. This is in contrast to hardware, from which the system is built and which actually performs the work. At the lowest programming level, executable code consist ...

and services, such as trading and investment management systems, analytics and

market data ''For market data as used in marketing, see marketing information system'' In finance, market data is price and other related data for a financial instrument reported by a trading venue such as a stock exchange. Market data allows traders and ...

, to

buy side Buy-side is a term used in investment firms to refer to advising institutions concerned with buying investment services. Private equity funds, mutual funds, life insurance companies, unit trusts, hedge funds, and pension funds are the most common ...

and

sell side Sell side is a term used in the financial services industry. The three main markets for this selling are the stock, bond, and foreign exchange market. It is a general term that indicates a firm that sells investment services to asset management fi ...

clients in the

financial services Financial services are the economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, ...

sector. It was listed on the

London Stock Exchange London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St Pau ...

and was a member of the

FTSE 250 Index The FTSE 250 Index ( "Footsie") is a capitalisation-weighted index consisting of the 101st to the 350th largest companies listed on the London Stock Exchange. Promotions and demotions to and from the index occur quarterly in March, June, Septem ...

before it was acquired by ION Investment Group, which also owns financial content provider

Dealogic Dealogic is a financial markets platform offering integrated content, analytics, and technology via a service to financial firms. From origination to distribution and investors, the Dealogic platform provides a connection across banking, capita ...

and financial media group

Acuris Acuris is a financial news and data firm known for its products fixed income research provider Debtwire and Mergermarket, a specialist in Mergers and acquisitions, M&A intelligence. It is owned by ION Investment Group, a financial software and da ...

History

The company was founded in 1981 as Intercom Data Systems (IDS): it was later renamed royalblue Group plc, and consisted of two separate operating divisions, royalblue Financial and royalblue Technologies. With the group's core trading platform, Fidessa, being better known in the market place, the Royalblue Group plc changed its name to Fidessa Group plc following shareholder approval at the AGM held in April 2007. In November 2008, Fidessa launched its Fidessa Fragmentation Index. In April 2011, Fidessa launched the Tradalyzer that provides detailed trading analysis. On 20 February 2018, it was announced that Temenos Group was in advanced talks to purchase Fidessa. The following day, Fidessa's board recommended that shareholders accept an offer of £35.67 per share to purchase the company, valuing it at £1.4 billion. This offer was later beaten by an offer from ION Investment Group who offered £39.50 per share, valuing the company at £1.5 billion.

Operations

Market penetration

As of early 2009, around 70% of all

securities A security is a tradable financial asset. The term commonly refers to any form of financial instrument, but its legal definition varies by jurisdiction. In some countries and languages people commonly use the term "security" to refer to any for ...

transactions in London were reportedly handled by Fidessa systems.

Products

In addition to a

trading platform In finance, an electronic trading platform also known as an online trading platform, is a computer software program that can be used to place orders for financial products over a network with a financial intermediary. Various financial products c ...

, Fidessa hosts a broker neutral FIX-enabled execution network. This has a large number of brokers connected to it and is similar to other inhouse FIX networks, such as the

LSE LSE may refer to: Computing * LSE (programming language), a computer programming language * LSE, Latent sector error, a media assessment measure related to the hard disk drive storage technology * Language-Sensitive Editor, a text editor used ...

Hub, the

SunGard SunGard was an American multinational company based in Wayne, Pennsylvania, which provided software and services to education, financial services, and public sector organizations. It was formed in 1983, as a spin-off of the computer services ...

Transaction Network (STN) and

Thomson Reuters Thomson Reuters Corporation ( ) is a Canadian multinational media conglomerate. The company was founded in Toronto, Ontario, Canada, where it is headquartered at the Bay Adelaide Centre. Thomson Reuters was created by the Thomson Corp ...

subsidiary TradeWeb's Autex Trade Route.

References

External links

* {{authority control Financial services companies established in 1981 Software companies established in 1981 Software companies based in London Financial services companies of the United Kingdom Financial data vendors Electronic trading systems Financial services companies based in London Companies formerly listed on the London Stock Exchange 2018 mergers and acquisitions British companies established in 1981