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 InsightTM 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."