Fidessa LatentZero’s EMS Workstation sees almost 60 per cent growth in 2008
London, 23rd February 2009 - Fidessa LatentZero, one of the world's leading providers of front-office software to the buy-side has announced an increase of almost 60 per cent in users of its EMS Workstation in 2008, a year which saw it take top prize at the Buy-side Technology awards for the second year in a row in December. The increase takes the total number of EMS Workstation clients to around 190.
The EMS Workstation is an internet-deployed, broker-neutral low-latency trading platform for equities and equity derivatives. It is available as a standalone workstation, as a staged solution from any OMS or order source through FIX, or as part of Fidessa LatentZero's Minerva OEMS, the market's first order and execution management system. The workstation is a truly global offering, providing out-of-the-box access to more than 115 execution venues and 360 brokers worldwide. It offers integrated access to algorithms from over 40 brokers, and TCA is incorporated from Citigroup, Credit Suisse, UBS and BARX. Global market data and news is fed in from Fidessa's high-performance ticker plants. Due to its broker neutrality, clients have complete control over which brokers they trade with, enabling them to diversify and reduce risk by doing their own DMA.
The first phase of development in 2009 saw the integration of the Fidessa Fragmentation Index (FFI) which was completed at the end of January. Launched in 2008, the FFI has quickly emerged as the definitive measure indicating how trading is fragmenting across established and new venues. The focus for the EMS in 2009 will be the addition of US options and improved handling of program trades.
Russell Thornton, EMS product manager at Fidessa LatentZero, comments: "We've been investing heavily in extending the functionality and coverage of the EMS over the last twelve months and it's great to see this uplift in clients as a result. Our continued focus on our clients' functional and connectivity priorities coupled with the low cost of the system, and the confidence afforded by Fidessa's global backing makes our EMS a powerful solution."
About Fidessa group
Fidessa group is a leading supplier of multi-asset trading, portfolio analysis, decision support, investment compliance, market data and global connectivity solutions for the buy-side and sell-side globally. Available as a simple workstation or as an integrated application suite, the Fidessa products and services 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 as well as niche regional players, providing powerful multi-asset trading, order management, compliance and middle-office capabilities, along with sophisticated algorithmic trading and smart order routing services, 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 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 180 million messages a month covering DMA, Care and Algorithmic orders, Indications of Interest and FIX Allocations between over 2,200 buy-sides and 360 brokers across 115 markets worldwide.
Headquartered in London and with offices in New York, Boston, Tokyo, Hong Kong, Paris, Toronto, San Francisco and the Kingdom of Bahrain, Fidessa serves over 22,000 users across 630 clients globally. Fidessa group was founded in 1981, has revenues of £189.1m, employs 1,400 people and has been fully listed on the London Stock Exchange (FDSA) since 1997.
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