Fidessa has announced that Société Générale Corporate & Investment Banking (SG CIB) has gone live with its smart order routing (SOR) service to provide best execution for its clients across European markets. A Fidessa-hosted enterprise client since 2004, SG CIB is using the SOR capabilities to automatically and intelligently split orders across multiple venues, which is designed to give traders a consolidated virtual market view. Through Fidessa, SG CIB now connects to 15 European exchanges and to Chi-X Europe, and will soon extend its connectivity to Turquoise and its own internalised liquidity. In other news, Fidessa has announced that Russian investment bank OTKRITIE Financial Corporation has joined its global connectivity network. The bank now offers its direct market access (DMA) and execution desk access (EDA) services across Fidessa’s global network that provides access to over 255 brokers, 1500 buy-side institutions and 92 exchanges globally.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.