Fidessa has provided enhanced dynamic order routing and order management capabilities to Scottrade. The deal marks one of Fidessa’s first high-profile U.S. trading system sales in the retail space.
Matt Billings, director of Trading Services at Scottrade, comments: “Fidessa’s open, flexible and scalable architecture provides us the capacity to process high volumes of trades and effectively interact within dynamic markets. With the active regulatory landscape and an active market environment, our relationship with Fidessa enables us to continue our commitment to provide an excellent customer experience.”
Alice Botis, senior vice president at Fidessa, adds: “We are very excited to expand our reach in the retail space with such a distinguished client. The relationship with Scottrade has given Fidessa an opportunity to demonstrate its strength in another area of the marketplace and continue to build momentum in the retail arena. The processing requirements seen on this side of the business are significant and Fidessa’s sophisticated systems and scalable technology are a great fit. We are pleased that our close coordination with Scottrade has resulted in the implementation of Fidessa’s routing capabilities and we look forward to continue building strong relationships with companies in this space.”
