ICICI Securities joins Fidessa's global trading community

Leading equity house ICICI Securities today said it has joined the global network of Fidessa Group that provides high-performance trading, market data and connectivity solutions for the buy-side and sell-side.

The deal enables ICICI Securities to receive international Care Order and DMA (Direct Market Access) flow from the 2,400 buy-sides and 550 sell-side firms already connected to the network, and enhances the ability of Fidessa's worldwide community to access India's rapidly evolving markets.

Fidessa, one of the world's most wide-reaching and powerful trading networks, allows members to extend their trading business by attracting international flow. Its executed order flow at present is over $800-billion/month.

"The Indian capital markets have witnessed a real transformation and with the growth of electronic trading, the volumes on the BSE and NSE have grown significantly.

By joining Fidessa's global trading community, we will be able to offer all members our specialist knowledge on the Indian capital markets along with access to critical exchanges," ICICI Securities' Executive Director A Murugappan, said in a statement here.