royalblue, the company which provides the Fidessa trading platform, has announced that Jefferies International Limited has gone live with the Fidessa hosted platform as its primary equity trading system for the London and main European markets. Fidessa is also Jefferies’ primary real-time market data provider in the UK. As an agency and principal broker, Jefferies uses Fidessa for member trading and market making on the London Stock Exchange. Through Fidessa’s global connectivity network, Jefferies has electronic trading links to all main European markets. In addition Fidessa handles institutional inbound electronic order flow for the sales traders in London. The platform will enable Jefferies to trade on a principal basis in ADRs (US, Canadian and Australian) and be a Retail Service Provider (RSP) for LSE stocks. Fidessa is connected electronically to the Jefferies International internal order routing system, which allows for real-time STP processing of the trades.
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