LatentZero Partners With Omgeo To Offer Improved STP
London, 15th November 2004 - LatentZero has formed an STP Partnership with Omgeo, the leading provider of post-trade, pre-settlement trade management solutions. The collaboration will see the integration of Omgeo Central Trade ManagerSM (Omgeo CTM), a state-of-the-art STP solution for processing cross-border trades from execution through settlement, into LatentZero's order management and trading application, Minerva.
Minerva has been enhanced to enable executions to be sent to Omgeo CTM whilst allowing users to track the progress of confirmation. An adaptor developed by LatentZero sends a trade down to Omgeo CTM, retrieves progress, status and amendments required, and once it is matched with the broker's details, brings the matched trade, along with commissions, into Minerva for order management.
"By using the certified interface between Omgeo CTM and Minerva, LatentZero users will benefit from a seamless end-to-end automation of the trade process," explains Paul Charie, Sales Director of LatentZero. "Put simply, the interface will increase operational efficiency and reduce processing time. Furthermore, the new functionality has been made generic so that Minerva can support other STP platforms."
Minerva offers users 24x7 cross-asset order management and trading capabilities, an ability to integrate real-time market data from leading providers into its trading blotter, and direct access and algorithmic trading services using the FIX messaging protocol.
"We are delighted to have LatentZero as a Certified STP Partner", stated Kathy Ball-Toncic, Executive Director of Omgeo's Global Partnering Program. "Through this partnership, we are able to deliver on the promise of STP, by offering integrated and certified interfaces that streamline the trade process and enable efficiencies resulting in greater ROI for our mutual clients".
About Omgeo LLC
Omgeo LLC is the leading provider of post-trade pre-settlement trade management solutions, processing over one million trades per day and serving 6,000 investment managers, broker/dealers and custodians in more than 40 countries. Omgeo is the result of a global joint venture between The Depository Trust & Clearing Corporation (DTCC), the world's largest post-trade processing infrastructure provider, and Thomson Financial, a leading provider of financial workflow solutions. For more information about Omgeo's STP solutions, go to www.omgeo.com.
LatentZero is a global technology firm that specializes in developing complete front-office solutions for the buy-side community. It recently took 76th position in the Sunday Times Tech Track 100, a list of the fastest growing technology companies in the UK. LatentZero's suite of products, known collectively as Capstone, is used by six of the world's top 10 asset management organisations. More than 2,500 portfolio mangers, traders and compliance officers worldwide rely on Capstone to manage assets in excess of $5.3 trillion.
Capstone is comprised of three products which can be implemented either separately or together as a complete solution. The Capstone components are: Tesseract, a decision support and order generation application; Minerva for order management and trading; and Sentinel for pre and post trade compliance management.
LatentZero's technology is built to meet precise business needs. The technical architecture which underpins all the Capstone products works seamlessly with any other front, middle or back-office technology. It provides a 24x7 high performance solution that is scaleable, flexible and easily integrated with legacy systems.