NCP Northland Capital Partners (NCP) has gone live with Fidessa group’s Canadian trading platform.
According to Fidessa, the platform is deployed as a software-as- a-service (SaaS) model on NCP’s institutional, proprietary and electronic trading desks, and provides broad global connectivity, high quality trade execution and seamless integration with back and middle-office operations.
NCP will also be implementing BlueBox, Fidessa’s algorithmic trading engine.
According to Fidessa, its Canadian trading platform has been adapted to meet the specific needs of the local market. In addition to the globally-recognized order and execution management features, users benefit from an integrated market view for Canadian and US data, to enable trading of dually-listed and inter-listed instruments.
Real-time position management offers positions in multiple currencies and provides a consolidated view in a single, preferred currency.
In addition, BlueBox offers NCP’s traders a suite of widely deployed models, including VWAP, TWAP, Arrival Price, and PoV.
NCP will deploy the trading platform with dedicated support and operations resource from Fidessa’s experts.