Calyon Financial Signs Agreement with Fidessa for Exchange Traded Derivatives Interface
London and Chicago (ots/PRNewswire)
Calyon Financial today announced it has signed an agreement with royalblue, supplier of Fidessa, to provide access to global derivatives markets.
Through the agreement, Calyon Financial, a leading global futures and options broker, will act as a receiving broker for customers who use the Fidessa Workstation EMS (Execution Management Service) for exchange traded derivatives. Fidessa announced on 16 October 2006 the extension of its multi-asset capabilities to include derivatives support in Fidessa Workstation EMS, its buy-side execution platform.
Available as a fully hosted ASP solution, the Fidessa Workstation EMS provides a global, broker-neutral order management and execution solution targeted at buy-side trading desks. With fully integrated real-time market prices, news and fundamental data, traders can smart-route orders to a variety of DMA, algorithmic and care order services globally.
"By linking Fidessa and Calyon Financial, existing Fidessa Workstation EMS users can now seamlessly access exchange traded derivatives through a single trading platform," said Leslie Sutphen, Global Head of eBrokerage Strategy/Implementation for Calyon Financial. "The Fidessa Workstation EMS provides global multi-asset execution and order management, while Calyon Financial provides turnkey brokerage expertise for exchange traded derivatives."
Steve Grob, Director of Derivatives at Fidessa comments, "We are delighted to welcome a specialist derivatives broker such as Calyon Financial to our existing network of over 170 receiving brokers. This reinforces the fact that what the buy-side really wants is access to a broad range of asset classes, different broker expertise, and coverage through a single screen."
Users of Fidessa Workstation EMS will be able to trade equities, futures and options instruments side-by-side and smart route their orders to Calyon Financial. Calyon Financial provides access to over 60 global financial and commodity markets and is among the leaders in execution and clearing volume on the futures exchanges offered by Fidessa.
The companies are targeting an October 2006 launch of the service.
About Calyon Financial
Calyon Financial ( http://www.calyonfinancial.com ) is a leading global brokerage firm dedicated to providing institutional clients efficient access to all major markets. The firm ranks among the top futures commission merchants in the world and has access to over 60 financial and commodity exchanges. Headquartered in Chicago, Calyon Financial has a presence in 16 major global financial centers. Calyon Financial is a wholly owned subsidiary of Calyon S.A. ( http://www.calyon.com ), the corporate banking arm of Credit Agricole. Calyon is a major player in financial markets and among Europe's leading corporate and investment banks. Credit Agricole and Calyon each hold AA credit ratings.
About Fidessa
Fidessa, from royalblue, is a world leading solution for multi-asset trading systems, market data and global connectivity. Available as a simple workstation or as an integrated application suite, Fidessa is built on the clear vision of providing the richest functionality, coverage and distribution to all tiers of the financial markets.
Fidessa supports around 85% of the world's tier-one brokers and serves over 9,000 users at around 260 financial institutions worldwide. Fidessa has become the benchmark and product of choice for trading professionals. http://www.fidessa.com
For further information, please contact:
Barry Neumann
Calyon Financial Corporate Communications
+1-312-441-4564
barry.neumann@calyonfinancial.com
Simon Barnby
Fidessa
+44-20-7929-9250
simon.barnby@fidessa.com
Web site: http://www.calyonfinancial.com
http://www.calyon.com
http://www.fidessa.comContact:
Barry Neumann of Calyon Financial Corporate Communications,
+1-312-441-4564, barry.neumann@calyonfinancial.com , or Simon Barnby
of Fidessa, +44-20-7929-9250, simon.barnby@fidessa.com