Scottrade Chooses Fidessa for Order Routing

Scottrade is tapping Fidessa to provide advanced order routing and order management capabilities to the online investing company in response to fast moving markets and regulatory changes.

The deal marks one of Fidessa’s first high-profile U.S. trading system sales in the retail space, according to the U.K.-based provider.

In the release, Matt Billings, director of Trading Services at Scottrade, comments: “Fidessa’s open, flexible and scalable architecture provides us the capacity to process high volumes of trades and effectively interact within dynamic markets. With the active regulatory landscape and an active market environment, our relationship with Fidessa enables us to continue our commitment to provide an excellent customer experience.” According to Alice Botis, SVP of Fidessa, the trading provider known for serving institutional clients is looking to expand into the retail brokerage space. “The relationship with Scottrade has given Fidessa an opportunity to demonstrate its strength in another area of the marketplace and continue to build momentum in the retail arena,” said Botis in the release.

“The processing requirements seen on this side of the business are significant and Fidessa’s sophisticated systems and scalable technology are a great fit,” continued Botis. “We are pleased that our close coordination with Scottrade has resulted in the implementation of Fidessa’s routing capabilities and we look forward to continue building strong relationships with companies in this space.”

Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio