NEW YORK & RIO DE JANEIRO--(BUSINESS WIRE)--Please replace the release with the following corrected version due to revisions to the boilerplate.
The corrected release reads:
AMERICAS TRADING GROUP JOINS WITH FIDESSA TO OFFER BRAZILIAN ALGORITHMS TO A GLOBAL AUDIENCE
Americas Trading Group (ATG) today announced a new alliance with Fidessa Group Plc (LSE: FDSA), the award-winning sell-side equities trading platform provider. The new collaboration provides Fidessa OMS and connectivity network users with access to ATG's highly specialized algorithmic trading models in the Brazilian market, which are locally hosted in Equinix data centers, close to the BM&F BOVESPA exchange in São Paulo.
“The combination of Fidessa’s global reach with ATG’s local knowledge is extremely powerful,” said Carlos Barros, Head of Sales at ATG. “This integration provides a gateway for Fidessa users around the world to access ATG’s local execution expertise, which is particularly important today with the increase of cross-border trading. We are excited about this alliance and look forward to working closely with Fidessa and its customers.”
ATG’s team of electronic trading specialists has developed tailored algorithms to meet the needs of specific investment strategies. The ATG Algo® solution is designed to provide transaction cost reduction and higher-quality execution. Running inside ATG’s proximity-hosted structure ensures not only quality of execution, but low-latency as well.
Unlike traditional broker algos, users can select one or more local market participants to provide the necessary DMA sponsored access to the exchange. ATG currently has more than 25 local broker relationships in place ready to provide this service.
“We are always looking to provide our users with the best and widest variety of execution services, no matter what part of the world they need to trade in,” said Nigel Holmes-Mitchell, SVP Product Marketing for Electronic Execution at Fidessa. “With the increasing importance and interest in trading across Latin America, the need for sophisticated and locally-sourced algos and execution services is something our users are asking for. By integrating ATG’s algo suite, we are addressing this need and further strengthening our best-in-class execution offering.”
Fidessa's sell-side equities trading platform supports the trading operations of some of the world's leading firms and has garnered numerous industry awards. Scaling from a single regional implementation with global reach, to a global deployment across multiple regions, it includes connectivity to all the major trading venues, buy-sides and other brokers.
About ATG
Americas Trading Group (ATG) is a company that specializes in electronic trading solutions and offers a multi-broker platform for order execution that connects the key markets of the Americas. Americas Trading System Brasil (ATS Brasil) is a joint-venture between ATG and the New York Stock Exchange set to launch a new Brazilian exchange.
For additional information, please visit: http://www.americastg.com/eng/ATG_en.
