22 March 2018

Fidessa LatentZero and Pipeline Trading Systems form partnership

28 January 2008  |  981 views  |  0 Source: Pipeline Trading Systems

Fidessa LatentZero, one of the world's leading providers of front-office software to the buy-side, has partnered with Pipeline Trading Systems to enable clients of its order and execution management system (OEMS), Minerva, to realize institutional trading efficiencies, without risking blotter information leakage.

Pipeline empowers traders to secure large block liquidity while lowering impact costs at the same time. Recently, the Pipeline Block Market has traded over 50 million shares per day with average trade sizes peaking over 60,000 shares. Pipeline maintains a hidden book of large, executable limit orders with strict price-time priority, and facilitates the interaction between natural buyers and sellers in a predator-proof environment.

The new partnership with Fidessa LatentZero enables traders to send orders to Pipeline directly from the Minerva OEMS blotter with single-click efficiency. The buy-side maintains complete control over their order submissions, while retaining the ability to join large block trading opportunities matching stocks in their blotter. This increases workflow efficiency, safeguards against trading errors, and provides traders with multiple sources of liquidity enabling them to optimize execution performance.

Chris Gregory, Head of Connectivity Services at Fidessa LatentZero said: "As trade volumes have increased, fill sizes have tended to go down correspondingly. This has made it increasingly difficult for traders and dealers with large block trades on their hands to find pools of liquidity without breaking up the order. The Pipeline/Minerva integration provides traders with added security by totally preventing blotter content detection. The partnership with Pipeline gives our clients greater choice of execution strategy, and in turn enhances their ability to deliver best execution to their clients. It is one of a series of partnerships that we have developed that enhance the connectivity features of our award-winning OEMS, Minerva."

Fred Federspiel, President of Pipeline commented: "The partnership with Fidessa LatentZero provides traders with a remarkably easy and powerful tool to incorporate Pipeline's Mega-Block liquidity into all large-block execution strategies. The simplicity and power of this integration can only lead to higher fill rates and lower market impact costs."

Comments: (0)

Comment on this story (membership required)

Related company news


Related company information

Fidessa group

Related blogs

Create a blog about this story (membership required)
Visit http://info.nice.comwww.currencycloud.comVisit www.nextgenbanking.co.uk

Top topics

Most viewed Most shared
hands typing furiouslyBitcoin at 50,000 USD?
13649 views 0 | 6 tweets | 4 linkedin
Can banks be a threat to Big Tech?Can banks be a threat to Big Tech?
11038 views comments | 32 tweets | 40 linkedin
BBVA tests 'invisible payments' technology at inhouse cafeBBVA tests 'invisible payments' technology...
10779 views comments | 14 tweets | 33 linkedin
RBS hatches plan to create digital challenger bankRBS hatches plan to create digital challen...
10490 views comments | 12 tweets | 23 linkedin
Barclays partners seven watch brands for contactless timepiecesBarclays partners seven watch brands for c...
9897 views comments | 14 tweets | 29 linkedin

Featured job

Basic c. EUR 90K OTE c. EUR 180K plus full bene...
Paris (preferred) or London

Find your next job