Fidessa and Virtu announce liquidity partnership

Fidessa group plc  and Virtu Financial have announced a partnership to connect Virtu Systematic Internaliser’s customisable liquidity to Fidessa’s  market access solutions.

Fidessa’s partnership with Virtu enables clients to access Virtu’s fully transparent and disclosed liquidity, together with improved upstream workflow to manage the more complex trading environment brokers now find themselves in.

“MiFID II is reshaping the liquidity landscape as trading migrates to more transparent and disclosed SIs and away from broker crossing networks and dark pools. At the same time, the focus on best execution has never been greater and now extends formally to the buy-side as well,” said James Blackburn, Global Head of Equities Product Marketing at Fidessa.

Christiaan Scholtes, Head of EMEA Markets at Virtu, added: “As a leading equities and ETP market maker, we are pleased to be working directly with one of the premier technology providers in the industry and believe that this level of collaboration is helping to build the platforms of the future and drive efficient access to competitive liquidity.”