Sanford C. Bernstein algorithmic suite now integrated into Fidessa LatentZero EMS Workstation
London, 7th July 2008 - Fidessa LatentZero™, one of the world's leading providers of front-office software to the buy-side, today announced that it has incorporated direct access to Sanford C. Bernstein's algorithms into its standalone EMS Workstation. The suite of eight algorithms, already available on Fidessa LatentZero's OEMS, Minerva, will enable users of the EMS Workstation to reach multiple non-displayed liquidity venues with potential for price improvements and additional trading volumes whilst minimising market impact.
Russell Thornton, Product Marketing at Fidessa LatentZero, explains: "As the European equity market continues to fragment, sophisticated and dynamic strategies are necessary to ensure best execution. Sanford C. Bernstein is an independent agency broker with its own research department, and our clients will be able to access multiple trading venues using its algorithms."
Mark Montgomery, VP Algorithmic & Program Trading at Sanford C. Bernstein, said: "We are delighted to be able to make our algorithm suite available to an even wider customer base through Fidessa LatentZero's EMS Workstation users. Sanford C. Bernstein has a history of independent thought leadership with its research and the benefits of this have been extended to our client base through our quantitative trading strategies and the flexibility of the EMS Workstation."
Fidessa LatentZero's EMS Workstation is a broker-neutral, low-latency trading application for equities and equity derivatives for global markets. The EMS Workstation is ideal for any asset manager, from small hedge funds to larger institutional managers, requiring out-of-the-box access to a comprehensive set of brokers, algorithms and DMA venues, with integrated real-time, full-depth market-data with broker IOIs, news, charts and fundamentals.
The fully hosted ASP solution is quick to deploy and requires minimal or no technical support. The EMS Workstation can also receive orders from and send executions to any third party OMS via FIX.
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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