Fidessa LatentZero offers cross-asset connectivity to all major trading destinations
London, 3rd February - Fidessa LatentZero, one of the world's leading providers of front-office software to the buy-side, has today announced that users of its Minerva Order and Execution Management System (OEMS) and the LatentZero Trading Network (LTN) now have access to all major ATSs, crossing networks and ECNs direct from the blotter using both FIX and proprietary (non-FIX) message types.
A fully managed, multi-asset class trading network, LTN offers secure, robust, low- latency connectivity from Minerva OEMS to LiquidNet, ITG Channel, BIDS Trading, Pipeline, NYFIX Euro Millennium and Aqua for equities; Tradeweb, Bloomberg AllQ, MarketAxess and BondVision for fixed income; and FXall, FXConnect and BAXTER for foreign exchange.
In addition, LTN offers connectivity to more than 200 brokers globally for the transmission and receipt of FIX IOIs, orders, executions and allocations as well as full support for algorithmic trading and DMA.
Chris Gregory, Head of Connectivity at Fidessa LatentZero said: "In today's complex market environment it is imperative that buy-side traders enjoy seamless, low-latency connectivity to multiple liquidity pools in order to deliver best execution across a diverse portfolio. Having integrated interfaces from a series of major liquidity destinations into Minerva OEMS through our trading network, we are able to offer our clients the ability to respond to the best execution challenges presented by the requirements of MiFID and RegNMS, and fulfil their desire for intelligent liquidity access."
Minerva OEMS provides a complete full asset buy-side order management and trading environment. It includes real-time position keeping and P&L, portfolio analysis and drill down, order management workflows, and pre and post trade investment compliance, and meets the demands of global regulators and directives. Support is provided for equities, fixed income, money markets, foreign exchange and listed and OTC (credit and equity) derivatives.
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 multi-asset 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 130 million messages a month covering DMA, Care and Algorithmic orders, Indications of Interest and FIX Allocations between over 1,800 buy-sides and 310 brokers across 100 markets worldwide.
Head-quartered in London and with offices in New York, Boston, Tokyo, Hong Kong, Paris, Toronto, San Francisco and the Bahrain, Fidessa group serves 22,000 users across 600 clients globally. Fidessa group was founded in 1981, has revenues of around US$350m, employs over 1,200 people and has been fully listed (LSE:FDSA) since 1997.
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