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Fidessa LatentZero Expands In Japan
London, 22nd October 2007 – Fidessa group plc (LSE: FDSA), the world leading supplier of trading and connectivity solutions to the global broking and investment management communities, today announced the expansion of its operations in Japan in support of its Fidessa LatentZero buy-side product suite in the region.
The expanded operations will include the provision of a local language helpdesk for the Fidessa LatentZero products along with dedicated sales and implementation resource.
The Fidessa LatentZero buy-side product suite provides investment management front office software for portfolio analysis, modelling, order generation, order and execution management (OEMS) and trading, all with integrated pre and post trade compliance. The system is cross asset class - covering equities, fixed income, money markets, FX, and listed and OTC derivatives.
This expansion comes as a direct result of increasing demand from the buy-side community in Japan for the Fidessa LatentZero solution, and follows the acquisition earlier this year of LatentZero by Fidessa. Previously, Fidessa LatentZero clients in the region were supported remotely from the company’s European and US based centres.
Richard Jones , CEO of Fidessa LatentZero, comments: “The growth of the Fidessa LatentZero blue-chip client base in Japan demonstrates our product’s suitability for this market. We believe that there is still a significant opportunity for us to grow our client base and the launch of local sales, support and implementation services strengthens our buy-side product offerings further.”
Fidessa has had a presence in the Japanese market now for over 7 years and counts 28 of the leading financial institutions there as clients. With 70 staff based in its Tokyo office, the majority being local Japanese employees, Fidessa has a detailed knowledge of the Japanese markets and has built a strong reputation for product delivery and support through bilingual helpdesk and implementation teams. These teams are now being expanded providing further support for the Fidessa LatentZero product suite.
Ian Chilton, Chief Executive for Fidessa group in Japan, adds: “We continue to expand our products and services to meet the demands that we are seeing from the marketplace. With the enforcement of the Financial Information and Exchange Law in Japan, which became effective at the end of last month, o ur knowledge and understanding of the Japanese financial markets along with our proven capabilities for trading and connectivity solutions puts us in a very strong position here.”
Fidessa group provides multi-asset trading, market data and global connectivity solutions to over 16,000 users at over 500 clients globally.
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