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.