Fidessa LatentZero, one of the leading providers of front-office solutions to the buy-side, has announced that it has signed a new agreement with FINCAD, the trusted analytics provider. Under the new partnership, users will be able to value all fixed income and derivatives instruments in their portfolios through the LatentZero platform using FINCADâs industry-standard analytics.
This development marks a new phase in the already well-established relationship between the two companies, which has been in place since 2005. FINCAD Analytics, which provides comprehensive coverage and transparency with its extensive documentation, was previously integrated into the derivatives module of LatentZero, but will now be available across the entire solution to calculate prices, sensitivities and cash flows, and will include money market and bond functionality. Through this, it will be possible to make cash flow projections, or carry out cash management calculations on a daily basis or historically. Annual upgrades will be implemented automatically.
Amar Budhiraja, director of FINCAD Alliance Program at FINCAD said: âFidessa LatentZeroâs scale and reach, coupled with its reputation for robust yet innovative technology makes it a key strategic partner for FINCAD. Itâs a testament to the strength of the relationship to date that we are in a position to extend the partnership in this way. We continue to work closely with the team at Fidessa LatentZero to explore more ways in which our services could complement each other for the benefit of end-users.â
Peter John, derivatives product manager at Fidessa LatentZero added: âWeâre delighted to be able to roll this out across our buy-side suite. This new phase of the partnership with FINCAD presents a real leap forward in fixed income and cash management functionality for our clients. Whatâs particularly exciting is the coverage of Far Eastern bonds, which is something weâve seen a real interest in from clients in recent months. A further benefit of this relationship is that by integrating third party analytics we meet the necessary compliance standards for international markets. We look forward to further development work over the course of this year.â
LatentZero is a fully integrated front-office position analysis and trading solution that provides support for all asset classes, including OTC derivatives, with real-time positions and P&L, integrated market data, order management and trading, and integrated pre and post-trade compliance.