Fidessa launches LatentZero as a Service

Fidessa launches LatentZero as a Service

Fidessa has launched a Software as a Service (SaaS) version of LatentZero, its front office offering for buy-side institutions.

The vendor says LatentZero as a Service provides a fully managed end-to-end service, and enables asset managers to access products for compliance, order and execution management and decision support across all asset classes.

The SaaS model cuts total cost of ownership because implementation is quick, low risk, and at a lower and fixed cost, says Fidessa. Customers pay a monthly fee for access to the service, which covers hardware, software, hosting, market connectivity, training and upgrades.

The service also includes pre-built regulatory compliance rules for global markets, connectivity to over 400 brokers and ATSs and integration with customers' back office systems. It is delivered from dedicated and wholly owned hardware located in Fidessa's eight data centres in North America, Europe, Asia and Japan.

Richard Jones, CEO, Fidessa LatentZero, says: "The Software as a Service model will become the dominant model for delivery of front office solutions to the buy-side over the next few years."

Jones continues: "With the industry seeking out the most advanced functionality and technology delivered in the most cost effective way, we believe that this fully managed service delivery model will be attractive to a wide range of asset managers. We think it will be particularly compelling for smaller buy-side firms, firms operating in emerging markets, and for larger firms that are specifically looking to reduce their total cost of ownership."

Comments: (0)