LatentZero has launched their integrated order management and execution management system, Capstone Minerva, the company’s OMS, now has a fully integrated EMS trading module designed for asset managers. The new system means that buy-side traders no longer need to stage orders to third party EMSs, manage orders in two or more separate systems, or be hampered by inefficient, error-prone workflow.
The Minerva EMS also includes integrated pre-trade transaction cost estimates and related analytics from multiple brokers, as well as intra-day monitoring of execution quality versus benchmark.
“We have been aware of the need for a truly integrated OMS and EMS for some time, and started working on this extension of Minerva more than eighteen months ago,” says Richard Jones, the CEO of LatentZero. “Now that the market demand is there, we expect EMS functionality to become a standard and necessary feature of an OMS very rapidly.”
The EMS is available as an add-on module to version 4.0 of Minerva, the current production release. LatentZero will continue to support integration to third-party EMSs where customers see this as essential.