FDSA Fidessa Group

 
TIDMFDSA 
 
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. 
 
 
 
END 
 

(END) Dow Jones Newswires

October 26, 2017 02:00 ET (06:00 GMT)

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