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Fidessa LatentZero enhances their EMS Workstation hedge fund offering through relationship with specialist provider Tradar
London, 15th July 2009 - Fidessa LatentZero™, one of the world’s leading providers of front-office and connectivity solutions to the buy-side, has today announced that it has partnered with Tradar to supply an integrated real-time front office and portfolio management system for hedge funds. The relationship will enable hedge funds to reduce manual processes, eliminate re-keying errors, and reduce risk, thanks to the real-time FIX interface from Fidessa LatentZero’s EMS Workstation to Tradar’s Insight™ portfolio management system.
By integrating the two systems, Fidessa LatentZero and Tradar will be able to offer hedge fund clients real-time trade management between the Fidessa LatentZero EMS Workstation and the Tradar portfolio management system. The enhanced levels of straight through processing ensure that errors caused by manual re-keying of data are minimised, and that duplicated effort is avoided.
Russell Thornton, EMS product manager at Fidessa LatentZero says:The relationship with Tradar is an important part of our strategy for hedge fund clients. Tradar’s portfolio management platform is designed exclusively for the hedge fund industry and enables users to flexibly manage funds of any size trading multiple asset classes. It perfectly complements our own EMS Workstation, and creates an attractive and valuable package for a wide range of hedge funds who are looking for higher levels of control over their electronic trading.Trevor Headley, product management director at Tradar says:
We have certainly seen a greater desire among hedge funds to invest in specialist trading platforms, but the large, functionally rich platforms that are appealing to larger institutional asset managers aren’t appropriate for smaller hedge funds who are looking for rapid implementation and minimal total cost of ownership. Fidessa LatentZero’s EMS Workstation is quick to deploy and requires little or no technical support which makes it ideal for a wide range of hedge funds. By packaging up our offerings, we increase the value of each, and create greater opportunities for hedge funds to reduce risk and gain the necessary perspective across their portfolios.
-ENDS
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.
Headquartered in London and with offices in New York, Boston, Tokyo, Hong Kong, Paris, Toronto, San Francisco and the Kingdom of Bahrain, Fidessa serves over 22,000 users across 630 clients globally. Fidessa group was founded in 1981, has revenues of £189.1m, employs 1,400 people and has been fully listed on the London Stock Exchange (FDSA) since 1997.
www.fidessa.com
www.latentzero.com
About Tradar:
Tradar is a leading supplier of portfolio management and accounting solutions to the hedge fund industry, with over 180 clients worldwide. Founded in 1996, Tradar offers a multi-asset class platform based on Microsoft SQL Server and .Net that can be applied to virtually any trading strategy. Tradar has offices in London, New York, San Francisco, and Hong Kong.
Press Contacts
Fidessa LatentZero
Melanie Smith
msmith@latentzero.com
+44 (0) 207 105 1215
Aspectus PR (PR Agency)
Alastair Turner
alastair@aspectuspr.co.uk
+44 (0) 20 7487 8443
Tradar Ltd.
Charlotte Fuller
cf@cfullerpr.co.uk
+44 (0)7905 624750
