Susquehanna Financial Group (SFG), the institutional broker-dealer member of the Susquehanna International Group of Companies (SIG), has selected the Fidessa's sell-side trading platform to support its institutional equity trading desk.
SFG will deploy the trading platform through the managed enterprise delivery model, which combines the flexibility of an enterprise installation, using Fidessa’s expert consultants to customize the system to accommodate SFG’s specific workflow, with the benefits of leveraging Fidessa’s fully hosted facilities management.
The Fidessa trading platform will be rolled out to a number of users across multiple US locations which comprises a core order management system, which incorporates comprehensive STP for middle-office flows and back-office interfaces.
SFG will also benefit from additional capabilities that include advanced trading tools for basket and algorithmic trading, as well as client profitability tracking.
Fidessa US chief operating officer Justin Llewellyn-Jones said the managed enterprise operating model was launched to enable the firm to focus on delivering a customized solution to customers.
"The model allows firms to use the leading technology while reducing their total cost of ownership without sacrificing any of the flexibility that they may require," Llewellyn-Jones said.