Full Year Results 

Fidessa freed up after Mifid II introduction

Fidessa freed up after Mifid II introduction

Shares in Fidessa (FDSA) were marked up after the trading software group revealed strengthening full-year revenues and gave notice that it might invest in new opportunities in 2019. Now that Mifid II has been introduced, a reduction in associated work has given rise to “increasing capacity” – buoyed by an expected improvement from the group’s derivatives segment. Among potential areas for investment, chief executive Chris Aspinwall cites electronics execution, the correlated assets market or exchange trade funds (ETFs), which have recently seen huge inflows. That said, if the right opportunities don’t materialise, management anticipates margin expansion instead. A win-win scenario, one might venture – assuming all goes to plan.

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