(David Pearson is the head of post-trade strategy at Fidessa, a vendor providing electronic trading, investment and information solutions. In his post, he oversees the creation and spread of new business ideas across the global Fidessa buy- and sell-side community. He is also engaged in the restructuring of business flows across financial markets, from pre-trade… Read More >>
New SmartStream Team to Investigate AI for Ops
SmartStream Creates ‘Innovations Team’ SmartStream Technologies, which characterizes itself as a financial transaction lifecycle management provider, reports that its new “innovations team” is “working with financial institutions to optimise workflows, using Artificial Intelligence (AI), Machine Learning (ML) and blockchain technologies, in the areas of reconciliations, cash management and fees and expense management.” The new… Read More >>
Troubled FCMs Look for Growth Amid Volatility
(Editor’s note: Futures commission merchants (FCMs) have been facing major challenges in the years after the Great Recession and many FCMs have left the market entirely. However, Yuriy Shterk, head of product management for the Derivatives, Americas unit at Fidessa, says that there may be better days ahead for FCMs. Shterk, who is based in… Read More >>
Fidessa Picks ION Bid Over Temenos & SS&C Overtures
ION Capital U.K. Ltd., which is indirectly and wholly owned by ION Investment Group Ltd., has won a key round in the battle to buy Fidessa as its $2.3 billion (£1.5 billion) bid has gotten the approval of the Fidessa board, besting a bid from Temenos. “The boards of ION and Fidessa are pleased to… Read More >>
SS&C, ION & Temenos Vie for Fidessa
The “Fidessa Chronicles” plot thickens as the trading systems vendor has revealed that SS&C Technologies and ION Investment Group are the formerly secret suitors that put forth offers earlier this week, countering the bid from Temenos. In the latest announcement, “Response to press speculation,” the Fidessa board “notes the press speculation in relation to potential… Read More >>
Fidessa Puts Temenos Marriage in Limbo
The pending marriage between Fidessa and Temenos, announced in late February, has been put on hold in the wake of two eleventh hour suitors, reports Fidessa Group officials. The two unidentified offers have caused the Fidessa board to put off a shareholder vote on the Temenos offer, which was slated for April 5. In a… Read More >>
Temenos Offers to Buy Fidessa for $1.96 Billion
Temenos and Fidessa announced February 21 that their governing boards reached agreement on an all-cash $1.96 billion (£1.4 billion) acquisition whereby Temenos will own Fidessa via the subsidiary Temenos Bidco in an effort to capitalize on “a huge opportunity to combine the complementary product strengths” of the two vendors. The agreement specifies that Fidessa shareholders… Read More >>
Tokyo Firm Gets New Trading Engine from Fidessa
Marusan Securities Signs On to Fidessa Marusan Securities Co., Ltd., an independent securities firm headquartered in Tokyo, has deployed Fidessa’s transaction technology to better serve its wholesale agency trading customers, say officials at the firm and Fidessa. In fact, 11 securities firms in Japan are using Fidessa for wholesale agency trading purposes, according to the… Read More >>
Time for a Giant Leap Forward for ETD Ops?
(Editor’s note: Industry veteran David Pearson, head of post-trade strategy for electronic execution vendor Fidessa, recently took time out of his schedule to answer questions from FTF News. Pearson’s position requires him to provide “innovating new business ideas across Fidessa’s global buy- and sell-side community,” according to his profile. He offers input into the business… Read More >>
BNP Paribas Securities Services Fills Key Americas Post
BNP Paribas Securities Services Appoints Head of Americas Region BNP Paribas Securities Services, which tallies over $9 trillion in assets under custody, reports the appointment of Claudine Gallagher as head of its Americas region, in addition to her existing mandate as head of securities services North America. “In this expanded role, Gallagher assumes responsibility for… Read More >>
