1 min read

Former NASDAQ Chairman, Steve Swanson, joins Fidectus

Zürich, September 18, 2020 – Fidectus is proud to announce Steve Swanson as an Advisory Board Member. Steve developed the first High Frequency Trading platform, Automated Trading Desk (ATD), in 1989. After twelve years of growing the company, Swanson was named President and CEO where he was responsible for increasing ATD’s market share to 7% of US daily equity trading volume. In 2007, ATD was sold to Citigroup for $680 million, where Swanson was global co-head of electronic trading for equities. Steve served as Chairman of the NASDAQ Quality of Markets Committee and is a past member of the Securities Industry and Financial Markets Association committee for Trading & Markets. In 2011 Steve was named one of “The Top 10 Innovators of the Decade” by Wall Street Technology for the market changes ATD influenced.

“Fidectus post-deal services help Over-The-Counter (OTC) energy trading make a step change into the future. Costs per trade for energy traders are currently ten times as high as for investment banks, mostly due to dated legacy technology and manual work. Fidectus services provide the technological advances needed to level the playing field for OTC energy trading extending the value of OTC trading by putting cash back into the business”, says Steve Swanson.

“Steve’s experience as a founder and pioneer in the trading industry is invaluable to Fidectus and our customers”, says Chris Sass, Chief Commercial Officer and co-founder of Fidectus. 


 

2 min read

Norlys Energy Trading selects Fidectus as their eCM-Provider

Norlys Energy Trading is going live with electronic Confirmation Matching on Fidectus' Global Energy Networks and takes advantage of the partnership...

Read More
EESPA member Fidectus

1 min read

Fidectus joins EESPA

Fidectus announce membership with the European E-Invoicing Service Providers Association (EESPA) to strengthen interoperability and wider adoption of...

Read More

Meet Fidectus at Energy trading week 2022

Fidectus is proud to announce our event partnership with this years' Energy Trading Week in County Hall, London, 28-29 September 2022.

Read More