Fidessa group plc is to expand its operations in Japan in support of its Fidessa LatentZero buy-side product in the region.
The expanded operations will include the provision of a local language helpdesk for Fidessa LatentZero products along with a sales and implementation resource.
The Fidessa LatentZero buy-side product provides investment management front office software for portfolio analysis, modelling, order generation, order and execution management (OEMS) and trading, all with integrated pre and post trade compliance. The system is cross asset class – covering equities, fixed income, money markets, FX, and listed and OTC derivatives.
This expansion comes as a direct result of increasing demand from the buy-side community in Japan for the Fidessa LatentZero application, and follows the acquisition earlier this year of LatentZero by Fidessa.
“The growth of the Fidessa LatentZero blue-chip client base in Japan demonstrates our product’s suitability for this market. We believe that there is still a significant opportunity for us to grow our client base and the launch of local sales, support and implementation services strengthens our buy-side product offerings further,” says Richard Jones, CEO of Fidessa LatentZero.
“We continue to expand our products and services to meet the demands that we are seeing from the marketplace. With the enforcement of the Financial Information and Exchange Law in Japan, which became effective at the end of last month, our knowledge and understanding of the Japanese financial markets along with our proven capabilities for trading and connectivity solutions puts us in a very strong position here,” adds Ian Chilton, chief executive for Fidessa group in Japan.
Fidessa group provides multi-asset trading, market data and global connectivity solutions to over 16,000 users at over 500 clients globally.