Fidessa LatentZero integrates Bloomberg TSOX to support trading of cash bond orders
London, 20th January - Fidessa LatentZero, one of the world's leading providers of front-office software to the buy-side, has further strengthened its offering in the fixed income space by integrating its order and execution management system, Minerva OEMS, with Bloomberg's Trading System Order Execution (TSOX) staging blotter. The move offers Minerva customers greater flexibility, control and accuracy for the trading of cash bond orders.
The Bloomberg TSOX blotter integrates the liquidity of Bloomberg ALLQ and FIT with the comprehensive suite of analytics and other price discovery tools available on the BLOOMBERG PROFESSIONAL® service. Bloomberg TSOX accepts multiple electronic trades simultaneously without re-keying data and sends trade reports, including competing dealer quotes, directly back to the Minerva blotter. This offers users greater levels of straight through processing and automation when executing cash bond orders. Bloomberg TSOX is accessed via TSOX<GO> on the BLOOMBERG PROFESSIONAL® service.
Chris Gregory, head of connectivity services at Fidessa LatentZero says: "Extending our relationship with Bloomberg in this way gives our customers an additional destination to send cash bond orders, and offers them greater choice with regards to the execution of those orders. TSOX from Bloomberg is one of the most attractive tools of its kind, and our association with Bloomberg is part of a series of alliances that extends the connectivity offered through Minerva and supports our clients' requirements for multi-asset trading."
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 and San Francisco, 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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