Fidessa LatentZero has integrated the ModelEx package of algorithmic order execution strategies from Nomura into its Minerva Order and Execution Management System (OEMS) and EMS Workstation trading applications for the buy-side.
ModelEx builds on and enhances the algorithmic capabilities Nomura acquired from Lehman Brothers’ European and Middle Eastern and Asian equities and investment banking operations in 2008.
The availability of ModelEx to Fidessa LatentZero’s European OEMS and EMS clients is a key part of the relaunch of Nomura’s electronic trading facility, and will in turn offer Fidessa LatentZero’s clients a comprehensive series of electronic trading options.
The suite now includes more than 20 individual algorithms that support core strategies, as well as more specialised tactical, portfolio, conditional and dark strategies for both equities and futures. The software also offers Fidessa LatentZero users the option of creating custom algorithms to support specific trading strategies.
“The last twelve months have seen increased demand from clients for more complex algorithmic trading tools, including pairs algos and similar contingent trading strategies, as well as the ability to work dark pools,” says Richard Jones, CEO, Fidessa LatentZero.
“We have responded to that demand by integrating Nomura’s ModelEx suite into our OEMS and EMS to ensure that our clients can retain competitive differentiation through access to the most up-to-date and comprehensive trading functionality on the desktop.”
“Nomura has enjoyed a strong working relationship with Fidessa group for some time, and we are very pleased to be re-launching our electronic trading franchise through the Fidessa LatentZero trading platforms,” says Andrew Bowley, head of Electronic Trading Product Management, Nomura.
“We regard Fidessa group as a key supplier to both the buy-side and sell-side, and this collaboration will enable us to re-establish our electronic trading offering incredibly quickly. The coding within the EMS has transformed our clients’ ability to upload algos, and enables us to meet demands for both flexibility and speed of deployment.”
L.D.