LatentZero's complete front office suite throughout its operation.
The decision follows Insight's acquisition of Rothschild Asset Management
(RAM), which had been using Sentinel, LatentZero's pre-and post-trade
compliance solution, and Minerva, its global order management system. RAM
had recently also taken on Tesseract, LatentZero's decision support and
order generation product.
"Insight were impressed with RAM's implementation of the LatentZero suite of
applications," said Stewart Norwood, head of IT at Insight.
"We looked at LatentZero's complete front office solution and concluded that
we should extend the existing use of the applications to cover the combined
set of assets. The technology is robust and scalable and suits our needs
both now and in the future."
Insight is planning a phased introduction of the LatentZero suite over the
next 12 months. The first implementation will involve equity trading on
Minerva and the introduction of Sentinel for all asset classes. This will be
followed by extending Minerva to fixed income, before work starts on
Tesseract in the autumn of 2003.
"LatentZero was used effectively in a complex business at RAM which involved
the management of segregated funds from many different areas of the world,"
said Paul Charie, Sales and Marketing Director at LatentZero. "This gave
Insight the confidence that the technology could be used to support a much
bigger operation. With the consolidation that is now going on in the asset
management industry all over the world, the need for reliable, fully
scalable technology across the whole of the front office is of paramount