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Analyst Views: What did you make of Fidessa’s interim financial results?
DAVID TOMS | NUMIS
The derivatives business continues to show very good momentum, doubling year-on-year (now eight per cent of revenue). Unfortunately, the reduction in “market” headwinds is currently offset by very strong currency headwinds which currently look set to persist in the second half of 2014.
GEORGE O’CONNOR | PANMURE GORDON
In our view the underlying investment case hasn’t changed. Our view is that structurally the market has changed which has increased customer defections, rather than a cyclical change, and Fidessa’s numbers yesterday support this. We retain our hold rating for now.