Martin Currie, the Edinburgh-based investment management firm, with £14.1 billion under management, is the first company to go live on Fidessa LatentZero’s Trading Network (LTN), a new, fully managed service that provides integrated FIX connectivity over Fidessa’s existing global network.
LTN is a multi-asset class trading network that connects customers of Fidessa LatentZero’s OEMS, Capstone Minerva™, to their trading counterparties, and supports order routing and full management of FIX services. It provides secure, robust and low-latency connectivity to brokers for transmission of FIX IOIs, orders, executions and allocations, and includes full support for algorithmic trading and DMA connectivity to global exchanges. It also provides a managed service for connections to alternative trading systems (ATSs) and crossing networks, and for both FIX and non-FIX message types.
“The LTN is a ‘one-stop shop’ for all our connectivity needs. We are very pleased with it,” explains Grant Suttie of Martin Currie. “It provides FIX connectivity, helps prepare us for MiFID compliance by connecting to all significant trading destinations, and is straightforward to deploy. Connectivity experts from Fidessa LatentZero offered a full implementation service and now manage the network under SLAs. Furthermore, we can easily request more brokers and add other trading destinations to the network.”
LTN is underpinned by connectivity to Fidessa’s global network. With links to both the buy-side and the sell-side, the Fidessa network is a secure, real-time private network for global trading and order routing. It currently provides access to over 210 brokers, 1,000 buy-sides and 82 exchanges across Europe, North America and Asia Pacific.
“Martin Currie is a long-standing client of ours – they are already using the full Capstone suite with great success and I am delighted that they are now using one of our newest products”, says Richard Jones, CEO of Fidessa LatentZero. “Fidessa and LatentZero are an exciting new combination, and the acceleration of the roll-out of LTN is the first example of successful product integration. Our customers will continue to see many more benefits from the successful integration of Fidessa’s and LatentZero’s products and services.”