KBW re-signs with Fidessa

Keefe, Bruyette & Woods (KBW) has re-signed and extended its use of Fidessa’s sell-side trading platform.

KBW, an investment bank and broker-dealer specializing in the financial services sector, has leveraged Fidessa’s US and European sell-side trading platform for more than eight years to support its equity sales and trading businesses across North America, Europe, and Asia.

The firm has decided to extend the global relationship because of Fidessa’s front and middle office functionality and its broad connectivity network.

Fidessa provides KBW with execution capabilities through its global order management system (OMS), including algorithmic trading, pairs trading, IOIs, DMA and compliance, as well as functionality to support client allocations and trade confirmations.

“At KBW, we pride ourselves on knowledge of the financial sector and our execution capabilities, so it’s important that we employ the best technology available to support our institutional clients,” said John Ragan, director of equity trading at KBW.

“We also wanted to exploit the efficiencies of a single consolidated platform across the front and middle office. Naturally, our requirements have changed over the eight years we have worked with Fidessa, and they have always been flexible in finding solutions to match our specific needs.”