Ballista To Become Fidessa Destination
January 20, 2010 10:04 AM Eastern Time
NEW YORK--(EON: Enhanced Online News)--Ballista Securities LLC, operator of the Ballista Alternative Trading System (ATS
options, announced they are partnering with Fidessa group plc to add the Ballista ATS execution venue onto Fidessa’s global conne
Fidessa's user base will be able to access the Ballista ATS via a secure connection or through Fidessa's options and equities trading
second quarter of 2010. Focused on equity options, Ballista ATS reduces the time and manual effort required to execute block opti
orders by providing an electronic alternative to the manual trading methods of phone calls, emails and IMs.
“Fidessa is an extremely popular platform for institutional traders, and we are very pleased they are connecting to our ATS,” said D
Ballista’s CTO. Adding, “their distribution will be key to our growth as our market continues to mature.”
Martin Hakker, EVP Marketing for Fidessa said, “We are pleased to be partnering with Ballista to broaden the range of execution
options traders on our network. Fidessa remains committed to providing clients with the broadest selection of liquidity venues on a
Fidessa's connectivity network links more than 2,300 buy-side institutions to more than 400 brokers and 120 markets around the w
"one-stop shop" for best-execution services. Fidessa group serves around 24,000 users across more than 730 clients around the w
more than 85 per cent of tier-one financial institutions.
An anonymous, automated and rules-based options trading platform, Ballista ATS offers traders standardization of order-entry for
types, user-defined trading filters to manage workflow, and advanced negotiation capability. On June 9 of 2009, Ballista Securities
round with strategic investors: International Securities Exchange, Knight Capital Group, Morgan Stanley and Susquehanna Growth
Ballista, which received its FINRA membership in August 2008, began live trading on Ballista ATS on October 28, 2008.