Fidessa LatentZero integrates Bloomberg TSOX to support trading of cash bond orders

20 January 2009

Fidessa LatentZero, one of the world’s leading providers of front-office software to the buy-side, has further strengthened its offering in the fixed income space by integrating its order and execution management system, Minerva OEMS, with Bloomberg’s Trading System Order Execution (TSOX) staging blotter. The move offers Minerva customers greater flexibility, control and accuracy for the trading of cash bond orders.

The Bloomberg TSOX blotter integrates the liquidity of Bloomberg ALLQ and FIT with the comprehensive suite of analytics and other price discovery tools available on the BLOOMBERG PROFESSIONAL® service. Bloomberg TSOX accepts multiple electronic trades simultaneously without re-keying data and sends trade reports, including competing dealer quotes, directly back to the Minerva blotter. This offers users greater levels of straight through processing and automation when executing cash bond orders. Bloomberg TSOX is accessed via TSOX on the BLOOMBERG PROFESSIONAL® service.

Chris Gregory, head of connectivity services at Fidessa LatentZero says: “Extending our relationship with Bloomberg in this way gives our customers an additional destination to send cash bond orders, and offers them greater choice with regards to the execution of those orders. TSOX from Bloomberg is one of the most attractive tools of its kind, and our association with Bloomberg is part of a series of alliances that extends the connectivity offered through Minerva and supports our clients’ requirements for multi-asset trading.”

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