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Morgan Stanley partners with Fidessa LatentZero to provide execution capabilities to the buy-side
London, 13th August 2007 - Fidessa group plc (LSE: FDSA) the leading supplier of multi-asset trading, market data and global connectivity, today announced an agreement with Morgan Stanley as a preferred solution supplier, to distribute electronic trading services (MSET) through the Fidessa LatentZero Execution Management System (EMS).
Morgan Stanley and Fidessa LatentZero will together provide integrated execution tools and services to the buy-side to support the global trading of equity cash, futures and swaps. Morgan Stanley is already a broker on Fidessa’s global connectivity network and it offers Direct Market Access (DMA) trading, a comprehensive suite of algorithmic strategies and smart order routing through Fidessa LatentZero EMS.
Available as a hosted Workstation solution or fully integrated OEMS, Fidessa LatentZero EMS provides a global, broker-neutral order management and execution solution targeted at buy-side traders. With fully integrated real-time market prices, news and fundamental data, traders can smart-route orders to a variety of DMA, algorithmic and care order services globally.
Eli Lederman, Managing Director and European Head of Morgan Stanley Electronic Trading Services, says: “We're happy to work with Fidessa LatentZero to give our shared clients full, flexible access to our trading capabilities, including global cash and derivatives exchanges and our algorithmic tools. Fidessa has an established footprint in the trading landscape already, and its EMS product has emerged as a competitive product that buy-side trading desks want to use. As investment managers consider unbundling, acceptable uses of commissions and best execution issues, it's reasonable to expect that Fidessa LatentZero EMS will be an important tool to their traders.”
Simon Barnby, director of global marketing communications for Fidessa, comments: “Fidessa has long had an established, unrivalled reputation for its sell-side multi-asset trading solutions. With our Fidessa LatentZero EMS we have now extended that reputation into the buy-side, and it is fast becoming the new benchmark for multi-asset execution management services. Our partnership with Morgan Stanley is the best endorsement of our EMS product. This will enable us to better service our mutual clients and gain product coverage.”
About Fidessa group
Fidessa group is the leading supplier of multi-asset trading, portfolio analysis, decision support, compliance, market data and connectivity solutions for firms involved in trading the world’s financial markets. Fidessa’s products and services are built on the simple vision of making it easier to buy, sell and own financial assets of all types on a global basis.
Pedigree
A dynamic, growing company with a proven track record, Fidessa is recognised as the thought leader in the marketplace, with an unrivalled set of products and services which set the benchmark for this industry and, uniquely, serve both the buy-side and sell-side communities globally.
Experience
With 28 years' experience delivering powerful, resilient, mission-critical systems, Fidessa develops all its products itself from the ground up, investing heavily in their continual evolution. The resulting leading-edge, truly integrated solutions have established Fidessa as the industry’s number one choice, and are used by over 85% of tier-one, global financial institutions.
Scale
Headquartered in London and with regional operations across Europe, North America, Asia, and the Middle East, Fidessa supports over 24,000 users across 730 clients, serving a broad spectrum of customers from major investment banks and asset managers through to specialist niche brokers and hedge funds.
Established
Fidessa group is listed on the London Stock Exchange (symbol FDSA) and is a FTSE 250 company. Fidessa has a turnover of around £200m, has delivered 30% compound growth since its 1997 listing and now employs 1,400 people globally.
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