BAXTER Financial Services integrates multi-bank ECN into Fidessa LatentZero's Minerva OEMS
London, 14th July 2008 - Fidessa LatentZero's Japan office has held its first buy-side seminar in the Asia-Pacific region. More than 100 market-leading individuals from client firms, brokers, partner vendors and the media heard presentations from senior Fidessa LatentZero executives, as well as a panel discussion between leading investment managers. The event was co-sponsored by Fidessa LatentZero partners Omgeo KK and FXall.
The seminar was introduced by Hiroshi Matsubara, Fidessa's Marketing Director in Japan, who gave an overview of the country's electronic trading market. He was followed by Richard Jones, CEO of Fidessa LatentZero, who talked about the latest trends in buy-side trading around the world. Jones also took part in the panel discussion, entitled "What are buy-side traders looking for in order management and execution management systems?" with representatives from Fidessa LatentZero Japan's clients, Morgan Stanley Asset Management and Fortis Investments, as well as a representative from Schroders Investment Management.
Hiroshi Matsubara said, "We are delighted that our first buy-side seminar in Japan was such a success, with an excellent number of attendees. We have had very positive feedback from the audience; the presentations and panel discussion were very well received, and the whole event was considered to be very informative to both buy-side and sell-side individuals."
Valery Derbaudrenghien, Far East Equities Dealer, Investment & Research of Fortis Investments said, "It is always a valuable experience to discuss market issues with our peers and to meet fellow members of the buy-side community. The buy-side is rapidly catching up with the sell-side in terms of the sophistication of its technology deployments, and the role of the OMS and EMS is a key debate for everyone on the buy-side. As user of Fidessa LatentZero, we are pleased to see that they are committed to remain at the forefront of that movement."
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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