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Collins Stewart goes live with Fidessa's Advanced Trading Tools

Posted: 29 January 2009

Collins Stewart, the UK-based independent investment banking group, has successfully gone live with the full suite of Fidessa’s Advanced Trading Tools.

The suite includes Fidessa’s List Management, Wave Trading, Pairs Trading and the BlueBox algorithmic trading engine. Fidessa BlueBox gives Collins Stewart, a Fidessa hosted client since 2004, access to industry-standard, out-of-the-box algorithms, including VWAP, TWAP, Arrival Price and Percentage of Volume. Fidessa List Management and Wave Trading lets the fund manager trade large mixed baskets while consolidating all trades and performance data in real time.

Peter Hall, head of IT and operations at Collins Stewart, said: “The complexity of today’s trading environment calls for highly automated, reliable and efficient execution, and the increasing use of algorithmic strategies. Fidessa’s Advanced Trading Tools, which are fully integrated with our existing Fidessa OMS, enable us to execute client orders faster with minimal manual intervention, providing our customers with best execution, as required under MiFID.

Fidessa Pairs Trading is a set of trading strategies that takes advantage of merger and acquisition structures, and market inefficiencies, in order to obtain profit. The Advanced Trading Tools suite is currently used by three members of Collins Stewart’s execution team, allowing them to handle a far greater number of client orders than before.

“Thanks to Fidessa’s Advanced Trading Tools, we have increased trader productivity significantly, which has already enabled us to generate new client business,” Hall added.

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