Fidessa Group Regulatory News (FDSA)

FIDESSA GROUP PLC - Interim Management Statement

PR Newswire

London, October 25

Fidessa group plc Interim Management Statement

26th October 2017

Fidessa group plc (LSE: FDSA), provider of high-performance trading, investment management and information solutions for the world's financial community, today issues its interim management statement for the period from 1st July 2017 to date.

Whilst it remains unclear exactly how customers will be affected by regulatory, structural and political changes, Fidessa expects that the opportunities it is seeing will continue to develop. This is particularly in the areas of derivatives trading, electronic trading and its customers’ use of equity correlated assets (ETFs, swaps, etc.). In line with previous guidance, it now seems clear that MiFID II will go ahead as planned although Fidessa believes that there will be some phasing in the way it is implemented during 2018.

Overall, Fidessa continues to believe that it is well positioned to benefit from the opportunities that will arise in the markets as a result of regulatory and structural change. Fidessa remains cash generative providing strong support for its dividend policy, and continues to expect that 2017 constant currency revenue growth will be around the levels seen during 2016.

Looking further ahead, although it is clear that uncertainty is going to be a strong theme within the markets for some time, Fidessa believes that it is entering a period where opportunity is returning. Fidessa expects this opportunity to arise both from customers developing their businesses in response to market changes and also as a result of other vendors struggling with the scale needed to operate successfully in the increasingly complex environment. Fidessa believes that it will see further progress with its multi-asset initiative and will continue to look at the possibility of extending its asset class coverage further. Fidessa believes that across all asset classes, the market is moving towards the increased use of service-based solutions and that few vendors have the depth of applications, operational expertise and the scale of infrastructure needed to deliver these solutions. Fidessa is committed to playing an increasingly important role in the markets as customers focus on efficiency, transparency, compliance and performance, and expects that this will provide it with significant opportunities for further growth. 

Classification of regulated information: additional regulated information

LEI number: 213800691ANM6EZWOH75

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About Fidessa group

Exceptional trading, investment and information solutions for the world’s financial community.

New technology, new regulation, new challenges: making money in today’s financial markets is all about staying ahead of the curve. Having the capability to spot new trends and act fast turns change into opportunity. That’s why 85% of the world’s premier financial institutions trust Fidessa to provide them with their multi-asset trading and investment infrastructure, their market data and analysis, and their decision making and workflow technology. It's also why around $20 trillion worth of transactions flow across our global network each year. Because we’re the market leader, we can also offer unique access to the world’s largest and most valuable trading community of buy-side and sell-side professionals, from global institutions and investment banks to boutique brokers and niche hedge funds.

Fidessa is a global business with scale, resilience, ambition and expertise. We’re listed on the London Stock Exchange and recognised as the thought leader in our space. We set the benchmark with our unrivalled set of mission-critical products and services and, uniquely, serve both the buy-side and sell-side communities. Ongoing investment in our leading-edge, integrated solutions ensures Fidessa remains the industry's number one choice.