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
Enquiries:
Chris Aspinwall, Chief
Executive |
Edward Bridges |
Andy Skelton, Chief Financial
Officer |
FTI Consulting LLP |
www.fidessa.com |
Tel: +44 (0) 20 3727 1000 |
Tel: +44 (0) 20 7105 1000 |
|
Email:
eu.info@fidessa.com |
|
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.