LatentZero Has Appointed LogicaCMG As An Accredited Implementation Partner
London, 3rd February 2003 - LatentZero, the leading provider of buy-side front office technology for the global asset management industry, has today accredited LogicaCMG as an implementation partner.
LatentZero's partners consist of premier consulting and systems integration firms that have the resources to advise clients on a range of IT solutions and implement LatentZero's products on a global scale. The agreement brings together LatentZero's asset management technology and its professional services team together with LogicaCMG. Both companies have a proven ability to deliver major system implementations on time and within budget.
"LatentZero has over 20 customers, including some of the biggest names in the global asset management industry. It has strong experience and a huge understanding of buy-side technology", commented Mike Whitchurch, associate director, financial services at LogicaCMG. "We look forward to offering our clients the benefit of LatentZero's market leading compliance, order management and decision support software as well as the knowledge of its people."
"This agreement combines our market leading software with one of the most successful IT solutions and outsourcing services companies", said Richard Jones, Managing Director of LatentZero. "The partnership between LogicaCMG and LatentZero provides a unique combination of technology, expertise and resources which we know will be very attractive to a range of global asset management companies."
LatentZero is an international business specialising in front office portfolio management, trading and compliance products for asset management companies, custodians and central banks. All LatentZero products are cross asset-class, supporting equity, fixed income, derivatives and currency functionality.
- Tesseract is a sophisticated decision support tool that enables the portfolio manager to model and analyse portfolios, create 'what ifs' and automatically generate orders.
- Minerva is a global order management and trading system. It offers full FIX (Financial Information eXchange) support and easy integration with exchanges, ECNs and various liquidity sources.
- Sentinel is the pre-trade and post-trade compliance system that checks for breaches of client, company and regulatory rules. Sentinel can manage complex portfolios with a wide range of instruments. Its rule libraries cover every major regulator.
These products can be implemented as a single front office solution, or individually, as part of a 'best in class' approach.
The LatentZero technical architecture is high performance and state-of-the-art. It is 24x7, flexible, open and scalable. It works seamlessly with any other front, middle or back office technology and significantly differentiates LatentZero from its competitors.
LatentZero has offices in Boston, New York and London. Its products are used by a wide range of buy-side organisations, including 5 of the 10 largest Investment Managers.
LogicaCMG is a global solutions company providing management and IT consultancy, systems integration and outsourcing services. With additional expertise in wireless technology, the company supports clients across diverse markets including telecoms, financial services, energy and utilities, industry, distribution and transport and the public sector. Formed in December 2002 through the merger of Logica and CMG the company employs around 21,000 staff in offices across 34 countries and has nearly 40 years of experience in the IT service arena . Headquartered in Europe, LogicaCMG is listed on both the London and Amsterdam stock exchanges (LSE:LOG; AEX:LOG). More information is available from www.logicacmg.com