This relationship demonstrates Fidessa LatentZeroâs commitment to expanding and enhancing the Minerva OEMS, its industry-leading solution that provides highly configurable global order workflow, trading, fund allocation, integrated compliance, audit and post trade processing. This relationship also highlights Ancernoâs drive to offer better customer service by simplifying the data delivery process and maximizing the potential of Trade-Zoom.
Extracting complete, properly formatted trade data files with timestamps from an OMS can be a challenge. Together with Ancerno, Fidessa LatentZero has developed an extract to allow Minerva OEMS users to have their data accurately and securely delivered to Ancerno. Clients can request Fidessa LatentZero to enable the extract, and Ancerno will automatically receive trade data.
âThe extract will save our clients time and effort in providing us data. It can help make their reports even more accurate and informative,â says James Noser, President of Ancerno. âIt may also enable Fidessa LatentZeroâs other clients to subscribe to Ancernoâs services through our network of re-sellers.â
Minerva OEMS is the first buy-side solution to provide comprehensive order management and execution management for all asset classes and markets in a single system. It is among the most widely used OMS applications in the industry and serves as the hub of the trading desk by providing connectivity to the DMA, Algorithmic, Program and Care order execution destinations of over 400 brokers across 120 markets worldwide, via the proven Fidessa network, as well as numerous ECNs, crossing networks and ATSs, and critical trading and post-trade tools for its customers.
Building on the existing connectivity relationships within its trading suite, the agreement with Ancerno extends Fidessa LatentZeroâs ability to provide Minerva OEMS clients with the tools necessary for effective and efficient trade management.
âThe agreement with Ancerno allows Fidessa LatentZero to provide a turnkey TCA solution to all of our clients,â says Chris Gregory, Director of Connectivity at Fidessa LatentZero. âThis capability will make Minerva OEMS more competitive in the marketplace.â
Several beta clients, including a large U.S.-based capital management firm, will begin testing the extract soon