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9th August, 2007
Fidessa and LatentZero Combine Execution Management Platforms
London – 9 August 2007 – Fidessa group plc (LSE:FDSA) today announced the union of its Fidessa and LatentZero Execution Management Service (EMS) solutions into one powerful product. The combined product inherits all the benefits of the Fidessa and LatentZero EMS solutions.
The new Fidessa LatentZero EMS is available as a standalone workstation which can be connected to any buy-side Order Management System (OMS), 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 (OEMS). 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.
Richard Jones, CEO of Fidessa LatentZero explains: “The execution capabilities of buy-side trading desks are coming under the microscope. 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. By bringing Fidessa’s global broker connectivity, market data coverage and EMS initiative together with the power of LatentZero’s integrated OEMS allows us to offer an unrivalled multi-asset, broker-neutral EMS solution to all tiers of the buy-side.”
About Fidessa group
Fidessa group is a world-leading supplier of multi-asset trading, portfolio analysis, decision support, investment compliance, market data and global connectivity solutions for both the buy-side and sell-side globally. Available as a simple workstation or as an integrated application suite, the Fidessa and Fidessa LatentZero product suites are built on the clear vision of providing the richest functionality, coverage and distribution to the financial markets community.
The Fidessa suite is used by 85% of tier-one, global equity brokers providing sophisticated trading, market data, order management and execution capabilities to all tiers of the sell-side.
The Fidessa LatentZero suite 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 all tiers of the buy-side.
Fidessa’s global network carries over 95 million messages a month covering DMA, Care and Algorithmic orders, Indications of Interest and FIX Allocations between around 1,500 buy-sides and 255 brokers across 92 exchanges worldwide.
Head-quartered in London and with offices in New York, Boston, Tokyo, Hong Kong, Paris, Toronto and San Francisco, Fidessa group serves around 22,000 users across 520 clients globally. Fidessa group was founded in 1981, has revenues of $270m, employs over 1,100 people and has been fully listed (LSE:FDSA) since 1997.
www.fidessa.com
www.latentzero.com
For further information, please contact:
Simon Barnby
Fidessa
+44 20 7929 9250
simon.barnby@fidessa.com
Evelina Amanatidou
Team 660, Metia for Fidessa
+44 (0)20 3100 3592
evelina@metia.com
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