Fidessa opens Sydney office, seeks to hire more staff

Fidessa, the London-based liquidity aggregator, has opened a Sydney office and has 15 people working in Grosvenor Tower on George Street.

Andrew Metcalfe has come from Fidessa Hong Kong to become the company’s operational head. James Hardcastle is head of sales, having transferred from Tokyo, says Steve Grob, Fidessa’s director of group strategy.

Grob says the company is seeking to hire more staff.

Fidessa is on about 26,000 screens globally through a network of about 600 brokers that route order flows from about 160 venues.

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Canada establishes new SWF amidst global push for nation-building investment

Canada has established its first national-level sovereign wealth fund with a seed of C$25 billion to underwrite “nation-building” projects like ports, mines and energy infrastructure. In an unusual funding mechanism, the fund will issue a retail product that will allow individual investors to invest with the SWF and “participate in Canada’s growth”.

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