Fidessa group plc Provides Trading Platform to Banchile, According to BAC Report

08 Feb 2013 • by Natalie Aster

LONDON – Recently Fidessa group plc announced that Chile’s third largest brokerage house Banchile had chosen Fidessa’s SaaS solution as its sell-side trading platform. This decision is a part of Banchile’s development strategy. With Fidessa Latin brokerage house will get access to extensive global connectivity network, world-class infrastructure and technology, and be able to satisfy all local market needs. Access to Fidessa’s global network will grant Chilean company vast opportunities for expansion - 3,200 buy-sides and 180 venues globally. Banchile will also utilize Fidessa’s trading tools to control its trading workflows.

Fidessa group is a good example of strategically developing company. It is improving its performance with every period. Thus, FY 2011 brought revenue increase by 6.1% to GBP 278.3 M, gross profit rise of 8.6% to GBP 188.6 M, operating and net income growth by 12.9% and 7.6%, respectively, to GBP 42.1 M and GBP 29.9 M. Interim results are also reflecting the upward trend. For the half-year ended June 2012 revenue comprised GBP 141.3 M, gross profit equaled GBP 70.2 M, operating income amounted to GBP 21.6 M, net income reached GBP 15.5 M.

The outlook for the company is, however, cautious. Problems at the financial markets bring pressure on the company’s business, and in the short term no improvement is anticipated. Growth for the financial year 2012 will be modest. Fidessa is planning to increase investments in infrastructure and expertise. Due to those investments, the company expects slight decline in its profit margins.

Founded in 1981 and headquartered in London (UK), Fidessa group plc engages in provision of trading, investment and informational services for financial institutions. The company is a leader in its business, working closely with over 1000 key players around the globe. The company offers both buy-side and sell-side solutions, as well as market data services and global connectivity network. Fidessa runs training courses for those who wish to join company’s collaboration community.

More explanation on the company’s present activities, offerings, financial position and competitors can be found in the report “Fidessa group plc Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis” recently published by Market Publishers Ltd.

Report Details:

Fidessa group plc Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis
Date: January, 2013
Pages: 94

More company reports featuring SWOT and financial information, industry and competitors analysis can be found in Company Reports Catalog.


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