Fidessa and LatentZero combine execution management platforms
The Fidessa group has announced the union of its Fidessa and LatentZero execution management service solutions into a single product combining all the features of the Fidessa and LatentZero EMS solutions.
The new Fidessa LatentZero EMS is available as a standalone workstation that can be connected to any buy-side order management system, or fully integrated with Fidessa LatentZero's buy-side OMS, Minerva.
The integrated Minerva solution provides the world's first genuine order and execution management solution. Fidessa LatentZero EMS utilises the firm's global connectivity network, providing managed links to world markets through the agency, algorithmic and DMA trading services of around 230 brokers globally.
'The execution capabilities of buy-side trading desks are coming under the microscope,' says Fidessa LatentZero chief executive Richard Jones. 'The quest for fund performance, investor demands for greater transparency, and increasing regulatory control - including MiFID's requirements for best execution and client order handling, are changing the buy-side trading landscape.
'By providing an EMS solution available as a workstation or as an integrated OEMS, we can now provide a service to all tiers of the buy-side from the smallest niche hedge fund to the largest institutional asset manager.'
Simon Barnby, global director of marketing communications at Fidessa group, adds: 'This is another demonstration of the power of the Fidessa and LatentZero combination and with this move, our buy-side product offerings are now all being marketed together under the Fidessa LatentZero brand.
'Bringing Fidessa's global broker connectivity, market data coverage and EMS initiative together with LatentZero's integrated OEMS allows us to offer an unrivalled multi-asset, broker-neutral EMS solution to all tiers of the buy-side.'
Fidessa group is a supplier of multi-asset trading, portfolio analysis, decision support, investment compliance, market data and global connectivity solutions for both buy-side and sell-side globally. Available as a simple workstation or as an integrated application suite, the Fidessa and Fidessa LatentZero products seek to provide the richest functionality, coverage and distribution to the financial markets community.
Fidessa is used by 85 per cent of tier-one, global equity brokers providing sophisticated trading, market data, order management and execution capabilities to all tiers of the sell-side.
Fidessa LatentZero is used by the world's largest asset management firms through to smaller specialist managers and hedge funds, and provides comprehensive portfolio analysis, real-time P&L, what-if analysis, investment compliance, order and execution management, and post trade processing tools, across all asset classes, to the buy-side.
Fidessa's global network carries over 50 million messages a month covering DMA, Care and algorithmic orders, indications of interest and FIX allocations between over 1,300 buy-side firms and 230 brokers across 83 exchanges worldwide.
Headquartered in London with offices in New York, Boston, Tokyo, Hong Kong, Paris and Toronto, Fidessa serves over 16,000 users at around 500 clients globally. Fidessa was founded in 1981 and acquired LatentZero earlier this year. Fidessa has revenues of USD250m, employs over 1,000 people and has been fully listed since 1997.
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