FiNETIK – Asia and Latin America – Market News Network

Asia and Latin America News Network focusing on Financial Markets, Energy, Environment, Commodity and Risk, Trading and Data Management

Fidessa opens São Paulo office in Brazil

Fidessa group plc (LSE: FDSA), provider of high-performance trading, investment management and information solutions for the world’s financial community, has today announced the expansion of its Latin American operations with a new headquarters in the region, new staff and data centers that provide resilient, redundant hosting.

The new office, located in São Paulo, Brazil, will serve as a base for the whole of Latin America and comes about as a direct result of Fidessa’s continued growth there, as well as from the ongoing demand for its products and services from domestic and international firms across the region. As well as cultivating and growing the local business further, the team based in São Paulo will also provide dedicated service and support functions for the regional client base.

The new office is headed by Bryan Miller, Managing Director for Fidessa’s Latin American business, who was previously Senior Vice President and Director of Hosted Client Services for Fidessa in the US. Miller’s background in implementation, project management, and ongoing support for Fidessa’s US clients, positions him well to ensure that the same market-leading levels of delivery and support, for which Fidessa is well known globally, are provided to clients locally as well.

Miller comments: “We are seeing increasing demand for our award-winning investment management, trading, connectivity and market data solutions from many emerging regions around the world. The markets of Latin America, in particular, are growing rapidly and have attracted significant interest from international players looking for opportunities in expanding economies. This is fueling the need for our solutions among both local and international firms looking to trade in the region.”

“Establishing this office is a clear sign of Fidessa’s commitment to the marketplace and we will be building the local team with a mixture of experienced Fidessa people from North America as well as local hires.” Continues Miller, “Latin America is an important strategic step for Fidessa globally, and I look forward to cementing and expanding our presence here to take advantage of the exciting opportunities that it presents.”

Source: Finextra, 17.11.2011

Filed under: Brazil, FIX Connectivity, Latin America, Trading Technology, , , , , , , ,

Fidessa publishes White Paper on Development of Trading Technology for Latin America – Discusses Technology’s Role in Driving Trade Volume to the Region ­­­

Fidessa group plc the leading provider of trading systems, market data and connectivity to buy-sides and sell-sides globally, has today announced the publication of a new white paper on the increasingly critical role that technology plays in reinforcing wholesale markets and attracting foreign investors to Latin America. The paper, entitled The Development of Trading Technology for Latin America, stresses that as the pool of brokers becomes broader and deeper, more sophisticated technology will be required to compete.

Along with increasing political stability in LATAM, higher levels of consumer affluence and international interest in the potential value in its natural resources have secured LATAM’s emergence into the mature market trading world. Although the LATAM markets have their own particular features, specific regulatory issues and cultural practices, the implementation of technology used will almost certainly follow the same trajectories seen in the more mature markets of North America, Europe and Asia. This paper provides its readers with valuable insight into the future of this region’s forthcoming trading market as forecasted by Alice Botis, Head of Business Development for Latin America, Fidessa.

Botis says of LATAM: “An expanding middle class with attendant pension funds combined with a positive population growth trajectory, has encouraged the establishment of an investment management community and the consequent growth in both buy-side and sell-side institutions. From 2000 to 2010, for example, access to financial services in Mexico increased from 25 to 59 percent, according to a survey conducted by the Ministry of Finance and Public Credit (SHCP).”

She points out that the political and economic structures of the LATAM region are now considered stable and safe, as are their capital markets. The Development of Trading Technology for Latin America reinforces Fidessa’s contention that systems for resilient order management—which can handle inbound/outbound international order routing, target and hit appropriate liquidity, offer comprehensive algos and basket functionality upstream of the EMS, and aid compliance—will continue to penetrate further into the marketplace.

Botis adds: “Vendors are now extending functionality to meet regional market requirements, incorporating local market data into their trading platforms, building local market gateways and providing tools enjoyed by counterparts in other regions. Experienced technology providers are working with firms in LATAM to develop systems to meet their needs, to facilitate electronic trading, and to ensure that technology plays its part in the development of capital markets. Costly and time-consuming in-house development of proprietary systems is no longer necessary.”

The paper asserts that the question is no longer whether a firm should invest in technology but whether it can afford not to. The Development of Trading Technology for Latin America will also be available through the Fidessa website,, or by contacting

Source: Mondo Visione, 03.11.2010

Filed under: Argentina, Brazil, Chile, FIX Connectivity, Latin America, Mexico, Trading Technology, , , , , , , ,

Fidessa Appoints Jean-Pierre Baron as Managing Director, Asia-Pacific

Hong Kong, 05 Aug 2009 – Fidessa group plc (LSE:FDSA), provider of the award winning trading, portfolio management, compliance and global connectivity solutions for the buy-side and sell-side, today announced the appointment of Jean-Pierre Baron as Managing Director for the Asia-Pacific (ex-Japan) region. Mr. Baron is based at Fidessa’s Asia headquarters in Hong Kong and reports to Chris Aspinwall, Chief Executive of Fidessa group in London.

Mr. Baron will bring Fidessa extensive management and business development experience in Asia as well as the financial software sector, where he has a background of over 20 years working with central exchange systems and front office trading applications.

In this role, Mr. Baron will take overall responsibility for Fidessa within Asia-Pacific and expanding the company’s client base and operations across the region.

Commenting on the appointment, Chris Aspinwall, CEO of Fidessa group, said, “Asia is an important and exciting growth region for Fidessa and we are extremely pleased to have JP joining the strong team that we already have in place. With his extensive experience of growing businesses in Asia and his insight into the trading marketplace that exists there, we believe that the combined team can drive our established Asian business forward and further develop Fidessa’s footprint across the region. ”

Prior to Fidessa, Mr. Baron worked for GL Trade where he was the founder of their Asian operations and spent 10 years growing its trading solutions business in the region. He started his career at Arthur Anderson before joining the Paris Stock Exchange. Mr. Baron holds a MBA degree from the University of Connecticut.

Fidessa’s products serve around 24,000 users across over 730 clients around the world and are used by over 85% of tier one financial institutions. Fidessa’s network provides connectivity to over 2,300 buy-sides and 400 brokers across 120 markets globally.

Source: Fidessa, 05.08.2009

Filed under: Asia, FIX Connectivity, Hong Kong, News, Trading Technology, , , , ,

Fidessa Interim Results – Fidessa revenue up by 36% in turbulent markets

“Fidessa has delivered high growth during the first half of 2009. This growth has benefited from the weakness of sterling during the first half compared to the prior year but even at constant currency the underlying growth rate is still strong.
Generally, stability has started to return to the market during the first half of 2009 although cost pressure on some of our customers, combined with volatile exchange rates, are still making conditions difficult to predict. Overall, we have been able to make good progress across both existing accounts and new business lines, particularly where some of our customers are now  gearing up to take advantage of the opportunities that are arising as a result of the improving  markets. However, where customers are experiencing challenging conditions we are seeing some impact as these customers look to reduce their costs or explore strategic options.
In the short-term, the impact of structural changes within the industry, coupled with movements in exchange rates, makes the future difficult to predict. However, based on what we are currently seeing, we believe that we can deliver strong growth for 2009 as a whole, although we do not believe that the overall rate of growth for 2009 will be as high as that seen during the first half particularly when the impact of recent currency movements is taken into account.

Fidessa reports strong growth despite unpredictable markets. Fidessa Numbers H1 09

Highlights for the period ended 30th June 2009:
• Revenue up 19% and adjusted operating profit up 22%, both at constant currency.
• Recurring revenue now accounting for 81% of total revenue.
• Cash of £25m and no debt.
• User numbers growing and transaction volumes increasing over network.
• New contract wins across buy-side, sell-side and central markets.
• Strong growth in consultancy revenue.

Source: Fidessa, 03.08.2009

Filed under: FIX Connectivity, News, Trading Technology, , , , , , , ,

LIM Advisors goes live with Capstone™ from Fidessa LatentZero

Hong Kong, 22 June 2009 – LIM Advisors Limited, the Asian-based multi-strategy investment group with approximately US$900 million in assets under management, has successfully gone live with Fidessa LatentZero’s front office suite, Capstone™. More than 20 team members in LIM’s Hong Kong headquarters are now using Capstone to support portfolio management, compliance, trading, and operations.

LIM has fully integrated Capstone with its front and middle offices to produce a seamless workflow.  This integration includes live market data for enhanced analysis, in-house compliance rules for pre-trade checks, FIX network for electronic trading, and straight through processing to LIM’s accounting platform and third party administrator.
George W. Long, the Founder and Chief Investment Officer of LIM Advisors said, “We wanted to build an institutional architecture to support all of the asset classes in our multi-strategy business.  Fidessa LatentZero’s functionality across equities, funds, listed derivatives, FX, fixed income, and OTC products has delivered.  We have also developed an excellent partnership with Richard Jones and his team, and I look forward to working with them more in the future.”

Richard Jones, CEO for Fidessa LatentZero, said, “We are continuing to develop our front office solutions for all types of asset managers, and this implementation is a further demonstration that Capstone is as well-suited to specialist managers as it is to the larger global asset management firms.  Asia is an important focus for us, and we are pleased to be partnering with one of the leading Asian asset managers as we look to consolidate our position in the region.”
Capstone is a fully integrated front-office position analysis and trading solution that provides support for all asset classes, including OTC derivatives, with real-time positions and P&L, integrated market data, order management and trading, and integrated compliance in one easy-to-use application.

Source: Fidessas, 22.06.2009

Filed under: Countries, Data Management, FIX Connectivity, Hong Kong, Market Data, News, Trading Technology, , , , , , ,

Fidessa LatentZero Extends Asset Class Coverage For Derivatives

Hong Kong, 8th June 2009 – Fidessa LatentZero™, one of the world’s leading providers of front-office solutions to the buy-side, has further expanded derivative instrument coverage in the Capstone™ suite of solutions.  Capstone now handles nearly 30 different types of derivative contracts, having added equity OTC derivatives to its existing range of fixed income and FX contract types.

As a result of the recent developments, users of Capstone can now model and manage OTC equity options, equity swaps, total return equity swaps and dynamic equity baskets alongside more traditional asset classes in a single integrated environment.  This offers users greater choice and flexibility over the strategies they use, including the popular 130/30s which can be traded using dynamic equity baskets.  Together with the existing exchange-traded functionality in Capstone Minerva™, Fidessa LatentZero’s order and execution management system (OEMS), the latest developments in OTC derivatives gives Capstone users complete coverage of fixed income, foreign exchange, equities, commodities and commodity indices.

Derivatives users can choose from a number of derivatives pricing sources. Derivatives are tightly integrated with Sentinel, Fidessa LatentZero’s pre-and post-trade compliance solution, to aid compliance with UCITS III and other relevant regulations.  Users can also drill down into their exposures, which are displayed in Tesseract, Capstone’s portfolio modelling and decision support tool, to enhance counterparty and credit risk management.

Peter John, Derivatives Product Manager at Fidessa LatentZero, says: “We have worked very closely with our clients to enhance our derivatives trading capabilities and give them the greatest possible coverage across all asset classes, currencies and strategies.  Derivatives are integrated across our entire product suite, and, in particular, closer integration with Tesseract and our compliance engine Sentinel have enhanced their functionality even further.”

John continues, “We were the first buy-side vendor to market with a dedicated derivatives solution, and the new dynamic basket functionality in particular will help us to maintain a healthy lead over our competitors.  Naturally, we will continue to enhance the product in response to client demand and support new asset classes as they hit the market.”

Source: FIDESSA, 08.06.2009

About Fidessa group
Fidessa group is a leading supplier of multi-asset trading, portfolio analysis, decision support, investment compliance, market data and global connectivity solutions for the buy-side and sell-side globally. Available as a simple workstation or as an integrated application suite, the Fidessa products and services 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 as well as niche regional players, providing powerful multi-asset trading, order management, compliance and middle-office  capabilities, along with  sophisticated algorithmic trading and smart order routing services, 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 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  180 million  messages a month covering DMA, Care and  Algorithmic  orders, Indications  of  Interest  and  FIX  Allocations  between over 2,200 buy-sides and 360 brokers across 115 markets worldwide.

Filed under: Asia, Exchanges, FIX Connectivity, Hong Kong, News, Trading Technology, , , , , , , , , , , , , , , , , , , , ,

Fidessa certifies new Intel chipset for its market leading, high performance architecture

Hong Kong – 1st April 2009: Fidessa group plc (LSE: FDSA), provider of award winning, high performance trading, market data, compliance and global connectivity solutions for all tiers of the financial markets community, has today announced the completion of its testing and certification of the new Intel® Xeon® 5500 platform for the Fidessa product suite. As part of this process, Fidessa found that the new Intel chips offered significant improvements in speed and power consumption over the current offerings from leading manufacturers.

Fidessa’s products and services have long been the benchmark for financial technology suppliers, and are used by many of the world’s largest financial institutions. Fidessa’s reputation and proven track record for offering market-leading, high performance and low-latency solutions to these most demanding of clients is well established.

Philip Beevers, Chief Architect at Fidessa, comments: “To maintain our market- leading position, we always ensure we are at the forefront of technological innovation, and evaluating new hardware solutions from suppliers like Intel for our products is a key part of this. As part of our certification of the Xeon 5500 chipset, using the Solaris operating system, we saw our benchmark ‘trading transaction’ throughput test run twice as fast as on the current fastest processors, achieving a sustained level of over 7,000 orders per second. In addition, the comparatively low power consumption of these processors for this level of performance makes them an extremely attractive proposition for efficient and cost effective use in data centres.”

Nigel Woodward, Global Director of Financial Services at Intel, adds: “At Intel we have been focused on the front office trading space, and how our technologies can contribute to key functions across the trade life cycle. From buy-side to sell-side we see Fidessa as a leading service provider in this space, and hence to achieve these superb performance results on our new Xeon 5500 series processors is an excellent entry to the market for the new architecture – showing that it can have a tangible impact on trading profitability.”

Fidessa’s high performance solutions serve over 22,000 users across 630 clients globally and are used by 85% of the largest financial institutions around the world.

Source: Fidessa, 01.04.2009

Filed under: News, Trading Technology, , , , , , , , , , ,

Fidessa extends coverage to include Hong Kong

Hong Kong, 23 March 2009 – Fidessa group plc (LSE: FDSA),  has announced the extension of its CBX ASIA connectivity agreement with Instinet to include Hong Kong equities. As a result, Fidessa’s institutional client base can now seamlessly execute trades through CBX ASIA for both Japanese and Hong Kong stocks.

Simon McDowell, Managing Director of Global Connectivity at Fidessa, comments: “The addition of Hong Kong stocks on CBX ASIA offers a number of benefits to our customers on the network and is a key move in achieving maximum coverage of the region. It remains our strategy, both in Asia and globally, to offer the widest possible choice of trading venues. The strong partnerships we already have with the key venues in other locations mean that we are well-placed to offer connectivity quickly as they enter the Asia Pacific region. Our focus remains on expanding the network and ensuring that it is poised to adapt to the changes in the market as they occur going forwards.”

“Given the current market environment, clients are more focused than ever on execution quality, making alternative liquidity pools like CBX ASIA increasingly popular. We are pleased to extend CBX ASIA for Hong Kong equities to Fidessa’s global client base who are already trading CBX ASIA for Japanese equities”, added Christian Chan, Head of Electronic Trading for Instinet in Asia.

Launched in Asia in 2001, first in Japan under Instinet’s Japanese PTS (Proprietary Trading System) License, CBX ASIA is a real-time, low-latency central limit order book with traditional price/time priority and rich order functionality for the trading of Japanese and Hong Kong equities. It allows investors to trade in size and anonymously with natural counterparties and without exposing orders to pricing pressure from the public markets. Unlike Instinet CBX in the US, which is based on the same technology and is the market’s second largest independent dark pool, CBX ASIA is a displayed platform whose market data is available to clients, as fully-hidden orders are prohibited under securities laws in certain Asian jurisdictions. 

Source: Fidessa, 23.03.2009

Note: CBX ASIA is the brand name for Instinet’s CBX platform in Asia and is not licensed or regulated in any market as a pan-Asian platform. Instinet’s CBX offerings in each market are regulated under the relevant rules and regulations governing each jurisdiction.

Filed under: Hong Kong, News, Trading Technology, , , , , , , , , , , , ,

Fidessa LatentZero offers Nomura’s ModelEx algorithmic trading suite through its order and execution management solutions

Fidessa LatentZero, has today announced that it has integrated the ModelEx suite of algorithmic order execution strategies from Nomura into its Minerva Order and Execution Management System (OEMS) and EMS Workstation trading applications for the buy-side. ModelEx builds on and enhances the strong algorithmic capabilities Nomura acquired from Lehman Brothers’ European and Middle Eastern and Asian equities and investment banking operations in 2008.

The availability of ModelEx to Fidessa LatentZero’s European OEMS and EMS clients is a key part of the relaunch of Nomura’s electronic trading facility, and will in turn offer Fidessa LatentZero’s clients a comprehensive series of electronic trading options. The suite now includes more than 20 individual algorithms that support core strategies, as well as more specialised tactical, portfolio, conditional and dark strategies for both equities and futures. The suite also offers Fidessa LatentZero users the option of creating custom algorithms to support specific trading strategies.

Andrew Bowley, Head of Electronic Trading Product Management at Nomura says: “Nomura has enjoyed a strong working relationship with Fidessa group for some time, and we are very pleased to be re-launching our electronic trading franchise through the Fidessa LatentZero trading platforms.

Source: FidessaLatenzero, 04.03.2009

Filed under: News, Trading Technology, , , , , ,

Fidessa Expands in Asia Pacific / Fidessa 擴展亞太區市場

Fidessa group plc , provider of the award winning trading, portfolio management, compliance and global connectivity solutions for financial markets participants, has today announced the expansion of its Asian operations to cope with growing client demand across the region.  This expansion includes the appointment of new staff as well as the opening of a larger Asian headquarters in Hong Kong.

Fidessa’s growth in Asia has been fuelled by the rapid take up and interest in new products and services which have been made available to both the buy-side and sell-side communities across the region.

Fidessa’s hosted Asian trading, market data and connectivity platform for brokers, which was launched just over a year ago, has quickly gained a strong foothold in the marketplace.  With 10 clients signed up and a strong local pipeline, Fidessa’s credentials as a global supplier to blue-chip clients of powerful, reliable international trading solutions, have proved a real winner against the incumbent competition.

Another impetus to growth has been the regional debut mid last year of the Fidessa LatentZero portfolio management, compliance and order/execution management product suite for the buy-side.  This full asset-class solution is used by nine of the top ten asset management firms in Europe and the USA, and is already live at its first major client in the region.

“As our client base expands across the Asian region, it is important that we have the staff and infrastructure required to support these customers.  The expansion of our operations in Asia demonstrates Fidessa’s commitment to the region and is a measure of the huge opportunity that we see here.” comments Nevin Price, Fidessa’s regional manager for Asia.

“The staff numbers in Hong Kong have increased by over twofold in the last couple of years to 100 people, and the new office here, combined with the business continuity centre we opened last year, will allow us to scale our operations further as our business grows.  It will also ensure we are able to continue to offer the first class service for which we are renowned going forward” adds Price.

New staff appointments in Hong Kong will grow the client support and sales teams across the product suites, and for the Fidessa global connectivity network for which Hong Kong serves as a regional hub. New staff in Singapore will also add important local support capabilities for the growing customer base that operates from there.

“Our solutions in Asia allow clients to automate their business flows, improve their efficiency and to compete on the international stage.  The demand from both the buy-side and sell-side segments in the region for these solutions is growing, and these investments in our business will ensure we remain at the front of the pack of potential suppliers to this audience” concludes Price.

Fidessa’s products serve around 22,000 users across over 630 clients around the world and are used by over 85% of tier one financial institutions. Fidessa’s network provides connectivity to over 2,200 buy-sides and 360 brokers across 115 markets globally.

香港-爲全球金融市場參與者提供屢獲殊榮的交易系統、投資組合管理,法規遵從及環球連接解决方案的Fidessa group plc(倫敦證券交易所上市代號:FDSA)今日宣佈擴展亞洲區營運業務,其中包括增聘員工及在香港遷至更大辦公室作為亞洲區總部,以配合區內客戶日益增長的需求。

Fidessa 自一年多前起為證券經紀提供寄存的亞洲交易、市場數據和連接平台等服務,並迅速在市場上建立穩固基礎。Fidessa被譽為一間專門為藍籌客戶提供功能強勁且可靠的國際交易解決方案供應商,加上在本地擁有強大的銷售渠道,目前已有十名亞洲交易平台客戶簽約採用其服務。在當前市場競爭激烈的環境下,Fidessa 脫穎而出成為市場的赢家之一。
另一刺激業務增長的原因是 Fidessa 於去年中在區內為買家推出 Fidessa LatentZero 投資組合管理、法規遵從及買賣盤/執行管理產品組合。歐美十大資產管理公司中,有九間正採用其全面的資產級解決方案,而首名亞洲主要客戶亦經已使用。
Fidessa 亞洲區域經理 Nevin Price 表示:「鑒於我們的客戶基礎已擴展至亞洲區各市場,因此我們必須在區內擁有足夠的員工和基礎設施,為客戶提供支援。是次擴展亞洲區業務正反映出 Fidessa 對亞太區的承諾,亦是我們在看到龐大發展機會所採取的重要一步。

Price 補充說:在過去數年,香港僱員人數增加超過兩倍至一百人,而新的辦事處,及去年開幕的業務持續中心,使我們有能力因應業務增長而調整我們的營運和服務範圍;同時也確保我們昭著的優秀服務質素。
在香港新增聘的員工將加入客戶支援和銷售隊伍,專責支援和銷售 Fidessa 各種產品及把香港發展為亞洲區樞紐的環球連接網絡。而新加坡增聘的員工將加強當地的支援能力,以配合當地客戶基礎日益增長所需。

Price 總結說:「我們在亞洲推出的解決方案可把客戶的業務流程自動化;改善其效率及提昇在國際舞台上的競爭力。區內的買家和賣家對這些解決方案的需求正不斷增加,而我們在業務上作出的這些投資將確保我們在芸芸的供應商之中保持領先地位。

Fidessa 的產品服務全球超過 630 個機構客戶合共約 22, 000 名用戶,並獲全球超過85%一級產權經紀所採用。Fidessa 的網絡在全球 115 個市場為超過 2,200 名買家和360 間證券經紀提供系統連接。

Source: Fidessa, 24.02.2009

Filed under: Asia, Data Management, Market Data, News, Trading Technology, , , , , , , , , , ,

Fidessa LatentZero’s EMS Workstation sees almost 60 per cent growth in 2008

Fidessa LatentZero, one of the world’s leading providers of front-office software to the buy-side has announced an increase of almost 60 per cent in users of its EMS Workstation in 2008, a year which saw it take top prize at the Buy-Side Technology awards for the second year in a row in December.  The increase takes the total number of EMS Workstation clients to around 190.

The EMS Workstation is an internet-deployed, broker-neutral low-latency trading platform for equities and equity derivatives.  It is available as a standalone workstation, as a staged solution from any OMS or order source through FIX, or as part of Fidessa LatentZero’s Minerva OEMS, the market’s first order and execution management system.  The workstation is a truly global offering, providing out-of-the-box access to more than 115 execution venues and 360 brokers worldwide.  It offers integrated access to algorithms from over 40 brokers, and TCA is incorporated from Citigroup, Credit Suisse, UBS and BARX.  Global market data and news is fed in from Fidessa’s high-performance ticker plants.  Due to its broker neutrality, clients have complete control over which brokers they trade with, enabling them to diversify and reduce risk by doing their own DMA.

The first phase of development in 2009 saw the integration of the Fidessa Fragmentation Index (FFI) which was completed at the end of January.  Launched in 2008, the FFI has quickly emerged as the definitive measure indicating how trading is fragmenting across established and new venues.  The focus for the EMS in 2009 will be the addition of US options and improved handling of program trades.

Russell Thornton, EMS product manager at Fidessa LatentZero, comments: “We’ve been investing heavily in extending the functionality and coverage of the EMS over the last twelve months and it’s great to see this uplift in clients as a result.  Our continued focus on our clients’ functional and connectivity priorities coupled with the low cost of the system, and the confidence afforded by Fidessa’s global backing makes our EMS a powerful solution.”

Source: Fidessa, 23.02.2009

Filed under: FIX Connectivity, News, Trading Technology, , ,

Fidessa LatentZero offers cross-asset connectivity to all major trading destinations

Hong Kong, 3rd February 2009 – Fidessa LatentZero, one of the world’s leading providers of front-office software to the buy-side, has today announced that users of its Minerva Order and Execution Management System (OEMS) and the LatentZero Trading Network (LTN) now have access to all major ATSs, crossing networks and ECNs direct from the blotter using both FIX and proprietary (non-FIX) message types.

A fully managed, multi-asset class trading network, LTN offers secure, robust, low- latency connectivity from Minerva OEMS to LiquidNet, ITG Channel, BIDS Trading, Pipeline, NYFIX Euro Millennium and Aqua for equities; Tradeweb, Bloomberg AllQ, MarketAxess and BondVision for fixed income; and FXall, FXConnect and BAXTER for foreign exchange.

In addition, LTN offers connectivity to more than 200 brokers globally for the transmission and receipt of FIX IOIs, orders, executions and allocations as well as full support for algorithmic trading and DMA.

Chris Gregory, Head of Connectivity at Fidessa LatentZero said: “In today’s complex market environment it is imperative that buy-side traders enjoy seamless, low-latency connectivity to multiple liquidity pools in order to deliver best execution across a diverse portfolio.  Having integrated interfaces from a series of major liquidity destinations into Minerva OEMS through our trading network, we are able to offer our clients the ability to respond to the best execution challenges presented by the requirements of MiFID and RegNMS, and fulfil their desire for intelligent liquidity access.”

Minerva OEMS provides a complete full asset buy-side order management and trading environment.  It includes real-time position keeping and P&L, portfolio analysis and drill down, order management workflows, and pre and post trade investment compliance, and meets the demands of global regulators and directives.  Support is provided for equities, fixed income, money markets, foreign exchange and listed and OTC (credit and equity) derivatives.

Source: Fidessa LatendZero, 03.02.2009

Press Release: fidessa-latentzero-major-trading-destinations-round-up-final

Filed under: FIX Connectivity, News, Trading Technology, , , , , , , , , , , , , , , ,

Fidessa group expands in the Middle East

London – 26th January 2008: Fidessa group plc (LSE: FDSA), provider of the award winning Fidessa and Fidessa LatentZero trading, compliance and global connectivity solutions for the sell-side and the buy-side, has today announced the appointment of two new key staff as part of the expansion of its operations in the Middle East.

The company will also open a new office in Bahrain which will serve as its Middle East headquarters.  This represents the latest step in the company’s ongoing strategy of global expansion.

Fidessa’s sell-side operations in the region will be managed by Edward Manley who will serve as Regional Manager for the Middle East and Africa. Manley brings extensive experience of the Gulf region having worked for Reuters Middle East for 12 years before joining Fidessa.

For Fidessa LatentZero on the buy-side, Gary Dingwall will be responsible for new business development in the region; he also brings a wealth of experience having lived and worked in the Gulf as Regional Manager for Swift for over a decade.

Simon Barnby, global director of marketing communications for Fidessa group, comments: “The Middle East presents an important new marketplace for Fidessa group, with opportunities for both our buy-side and sell-side products, as well as for our global connectivity solutions.  These key staff appointments and new regional headquarters demonstrate our commitment to the region.  The Middle East is a lucrative emerging market with international aspirations, and we are looking forward to being a part of the developing landscape there.”

Fidessa group will be marking the official launch of its enhanced activities in the Middle East at MEFTEC, the Banking & Financial Technology event, at the Bahrain International Exhibition Centre on February 10 and 11 (

Source: Fidessa, 26.01.2009

Press Release fidessa-middle-east-office-opening

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