Morley Fund Management, one of the UK's largest fund managers, with over £111.1 billion under management, is set to use LatentZero’s complete frontoffice suite, Capstone, throughout its global operation.
Capstone is made up of: Tesseract, LatentZero's decision support and order generation solution; Minerva, its order management and trading system; and Sentinel, its pre and post trade compliance product.
Morley will roll out Capstone to the Fixed Income function during 2004. This will be followed by deployment across the Equity, Money Market and Treasury functions. Once the implementation is complete, Morley will have 200 Capstone users world-wide.
"The LatentZero system is fully scalable and provides us with a robust infrastructure to support further business growth," commented Duncan Avery, Head of Business Systems at Morley. "As a global business it was important for us to have a solution with a common front end and real-time 24x7 global trading and portfolio management. Equally important, was the fact that with LatentZero we have access to a single-point for local support around the world and exposure to business and technology experts in all areas of front office trading."
As part of the project, LatentZero is working with a team from Morley to enhance the Tesseract module. The enhancement will allow the system to provide fund managers with performance contributions at the holding level or rolled up by any analysis category. In addition, Tesseract will provide analysis for individual trading decisions alongside its full order generation features.
"The additional performance contribution analysis will allow fund managers to monitor which bets are adding to outperformance," said Paul Charie, Sales Director of LatentZero.