Sentinel and EMS Workstation take top awards at Buy-side Technology Awards
London, 11th November 2008 - Fidessa LatentZero's Sentinel has taken the top prize as the best compliance solution at the Buy-side Technology Awards. It was joined by Fidessa LatentZero's EMS Workstation, which saw off strong competition in a crowded field to take best buy-side EMS. The awards are voted for by a panel of leading industry consultants, analysts and journalists.
Richard Jones, CEO and founder of Fidessa LatentZero, said: "We continue to focus heavily on delivering enhancements to the Sentinel compliance solution, to ensure that it stays in line with changing market conditions and customer demand. Recent focus has included extending support for UCITS and ensuring that the use of derivatives within a diverse portfolio can be monitored and measured effectively. Our EMS continues to gain traction in the buy-side market, both as a stand-alone solution and as part of our fully integrated order and execution management system (OEMS), and utilises Fidessa's global connectivity network to help buy-sides negotiate fragmented liquidity sources globally. We are delighted that our innovative work and the strength of our underlying technology has been recognised in this way."
In customer performance tests, Sentinel continues to be proven to be significantly faster than products from rival vendors. In addition to pre- and post-trade compliance for listed assets, Sentinel has the capability to ensure compliance for OTC derivatives including accurate measurement of counterparty and global exposure. Sentinel comes with a comprehensive rule library that incorporates legislation from every major regulator around the world and is updated as and when new regulations come into force. Its intuitive rule builder enables non-technical users to construct a compliance rule and put it into production in minutes.
EMS Workstation is an internet-deployed, broker-neutral low-latency trading platform for equities and equity derivatives across global markets, and provides out-of-the-box access to more than 100 execution venues and 310 brokers worldwide. The EMS incorporates global market data and news from Fidessa's high-performance ticker plant. It is available as a standalone workstation, as a staged solution from any OMS or order source through FIX, or as part of the Minerva Order and Execution Management System (OEMS), the market's first single system to provide comprehensive OMS and EMS functionality in one integrated application.
Jones concludes: "Our approach at Fidessa LatentZero has always been to focus on creating products that meet client demand, and to continue innovation as those demands change. These awards reflect the feedback we have received from clients who recognise the strength of our solutions, and the value that Fidessa LatentZero continues to provide to their organisations."
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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