ICICI Securities said on Wednesday that it has joined the global network of Fidessa Group Plc, a provider of high-performance trading, market data and connectivity solutions for buy-side and sell-side. The deal will enable ICICI Securities to receive international Care and DMA flow from the 2,400 buy-side and 550 sell-side firms already connected to the network, and enhances the ability of Fidessa's worldwide community to access India markets.

“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,” said Mr A. Murugappan, Executive Director, ICICI Securities.

ICICI Securities joins more than 20 Indian sell-side firms on Fidessa's network, which covers 150 markets across EMEA, Asia Pacific and the America. The Fidessa trading network allows its members to extend their trading business by attracting international flow and now carries executed order flow of more than $800 billion each month.

“Recently, exchanges and regulators have introduced radical change with the introduction of DMA, algorithmic trading, co-location and SOR, which have all helped open up the space to new players. We are delighted, through the Fidessa network, to contribute to the growth in Indian market access and expand the reach from overseas. On-boarding a company of ICICI's scale and reputation expands the depth and quality of our local coverage and will please international firms requiring fast, reliable remote access,” said Mr Enis Toumi from Connectivity Sales at Fidessa in Asia.

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