LatentZero Selected By American Century

BOSTON - October 29, 2003 - LatentZero, a leading provider of front-office systems for buy-side trade order management and compliance, today announced that American Century Investment Management has licensed its Sentinel compliance product.

American Century, one of the leading investment managers in the US, has chosen LatentZero's compliance application, Sentinel, to serve as its pre- and post-trade compliance solution for both domestic and international equities and fixed income securities. American Century has trading desks in Kansas City, New York and Mountainview, California.

"We designed Sentinel's comprehensive functionality to suit the demanding needs of institutions like American Century," said Bill Elbery, head of North American Sales and Marketing, LatentZero.

American Century selected LatentZero after an extensive search of the buy-side front-office technology marketplace. "LatentZero offered a solution that would offer the robust functionality and technical architecture we needed, said Keith Kinart, Vice President Investment Management Technology at American Century. "We also plan to leverage Sentinel's web-based reporting functionality to realize operational efficiency."

In addition, American Century will use Latent Zero Professional Services to assist with Sentinel implementation.

About American Century

American Century is a leading investment manager with more than 40 years of experience helping investors achieve their financial goals. Serving institutions, corporations, investment professionals and nearly two million individual investors, American Century offers a broad array of products across a variety of investment disciplines.

Based in Kansas City, Mo., the company manages approximately $83 billion in assets through separate accounts, commingled trusts, subadvisory accounts and mutual funds. James E. Stowers Jr. founded the company in 1958 and serves as chairman. His son, James E. Stowers III, is co-chairman and William M. Lyons is president and chief executive officer. For the past four years, American Century, which employs approximately 1,900 people, has been selected as one of FORTUNE Magazine's 100 Best Companies to Work for in America. For more information about the company, visit www.americancentury.com.

About LatentZero

LatentZero is an international business specializing in front-office portfolio management, trading and compliance products for asset management companies, custodians and central banks. All LatentZero products are multi-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 analyze 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 organizations, including five of the 10 largest global investment managers.