LatentZero as a Service represents a unique proposition for the buy-side. It goes beyond standard hosted or ASP products by providing a fully managed end-to-end service, and enables asset managers of all sizes to access the best available products for compliance, order and execution management and decision support across all asset classes, with substantial reductions in the total cost of ownership. The SaaS model improves customer return on investment, as the implementation is quick, low risk, and at a lower and fixed cost.
Fidessa LatentZero provides day-to-day operations, data management and support services, enabling all customers to achieve the same Best Practice workflows, operational control, quality and efficiencies as the leading and traditionally larger firms in the industry. Until now, firm size and lack of IT infrastructure have been barriers to investing in comprehensive front office and compliance systems.
A monthly fee provides access to LatentZero as a Service, which covers full infrastructure management, encompassing hardware, software, hosting, market connectivity, training and upgrades, all underpinned by rigorous SLAs. The service also includes pre-built regulatory compliance rules for global markets, comprehensive market connectivity to over 400 brokers and ATSs and integration with customersâ back office systems. The service is delivered from dedicated and wholly owned hardware located in Fidessaâs eight data centres in North America, Europe, Asia and Japan. These fully hardened 24/7 data centres are the result of 10 years of significant investment by Fidessa, and provide mission critical solutions to many of the largest financial services firms in the world.
Richard Jones, CEO of Fidessa LatentZero explains: âThe Software as a Service model will become the dominant model for delivery of front office solutions to the buy-side over the next few years. We have already experienced this with the sell-side area of our business where over 90% of our customers use SaaS for Fidessaâs trading platforms.â
Jones continues: âWith the industry seeking out the most advanced functionality and technology delivered in the most cost effective way, we believe that this fully managed service delivery model will be attractive to a wide range of asset managers. We think it will be particularly compelling for smaller buy-side firms, firms operating in emerging markets, and for larger firms that are specifically looking to reduce their total cost of ownership. With LatentZero as a Service, firms can outsource the running of their front office technology to the company who designed and built it, freeing them to concentrate on their core business.â