The agreement with LatentZero, a leading provider of buy-side front office technology for the global asset management industry, is another component of BASâ Electronic Trading Alliance. The Alliance is a framework in which BAS collaborates with leading technology vendors and trading venues to provide seamless solutions for institutional traders.
LatentZeroâs Minerva, part of the Capstone suite of front office solutions, provides asset managers the ability to route orders through BASâ electronic trading system and provides LatentZeroâs clients with the superior direct access and algorithmic trading services offered by Banc of America Securities. In addition to these enhancements, Minerva continues to offer 24/7 cross-asset order management and trading capabilities and the ability to integrate real-time market data.
"Banc of America Securities is committed to integrating leading edge technology and providing the software needed by the "new" style of todayâs buy-side trader," said Rob Flatley, managing director, Electronic Trading Services at Banc of America Securities. "The key to working with LatentZero is that they had the foresight to de-couple algorithms from their core trading engine, affording them exceptional flexibility. As a result, LatentZeroâs clients can immediately benefit from algorithmic trading through the BAS platform."
"We understand that with increased client and regulatory scrutiny as well as highly competitive brokerage relationships, the buy-side trader is under mounting pressure to make the right execution decision for each individual trade," explains Dan Watkins, managing director of LatentZero. "Long gone are the days when an order was simply passed on to a sell-side trader for execution. We are fully committed to the further development of our products to meet the future needs of the global asset management industry. And we believe that the combination of BASâ algorithmic trading platform and Minerva 3.5.1 gives clients a flexible solution for the constantly changing environment in which they work."