Natixis Investor Servicing, France's leading fund administrator and provider of middle office and accounting services to the asset management industry, has selected Capstone Minerva, the order management system from Fidessa LatentZero, to be run as a service for their clients.
Eddy Confiac, COO, Natixis IS said: "We have decided to expand our service offering and make available professional front-office tools in addition to the middle and back-office chain that we already provide. After thoroughly evaluating several leading OMSs in the market, NIS selected Capstone Minerva because of its up-to-date, easy-to-use front-end, advanced functionalities, extensive coverage of asset classes including OTC derivatives, and its leading technical architecture. In addition to the quality of the product, however, we were also impressed by the strong presence and support of the Fidessa LatentZero team in France."
Henri Giaccobbi, Sales Director, Natixis IS, commented: "With the addition of an OMS to our offer, many of our clients will be able to focus on their core business while benefiting from a fully outsourced, front-to-back STP platform built with best-of-breed components. With the arrival of MiFID, it is more critical than ever that each of our clients has access to the best available tools to manage orders, find the best execution possible, and then prove that best execution."
Georges Setrouk, Regional Sales Manager, LatentZero France, said: "We are proud to participate in this innovative project. We see in this collaboration a unique opportunity to make our solution available in an ASP model, operated by Natixis. This outsourced solution enables companies of any size or type to use the industry's leading solutions. We will work closely with Natixis to accompany them as their business grows."