Fidessa eyes flat year as slowdown persists

Trading systems developer Fidessa warned persistent challenges in the financial markets has weighed on third quarter equity market volumes and the on-going pressure means that full year 2012 revenue is likely to be unchanged from the year before.

Trading systems developer Fidessa warned persistent challenges in the financial markets has weighed on third quarter equity market volumes and the on-going pressure means that full year 2012 revenue is likely to be unchanged from the year before.

"In the short-term, the impact of continued adverse conditions in the equity markets is likely to offset the strong growth Fidessa is achieving from its solutions to the derivatives markets," it said in a statement.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.