2007

Many of these articles are viewable in PDF format, and some may be large in file size. Your patience is appreciated.

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A fragmented future

The introduction of multi-lateral trading facilities, crossing networks and electronic communication networks are starting to hurt Europe’s well-established exchanges. This phenomenon is likely to become somewhat more acute with the recent introduction of Mifid, as Richard Hooke explains

Published - BST, Dec 2007

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Insight's Insider

At the asset management arm of Halifax Bank of Scotland, Mark Winter and his team deploy new tools and trading strategies to the ubiquitous quest for best execution.

Mark Winter discusses the history of his relationship with Fidessa LatentZero and Insight Investment's use of the Minerva OMS.

Published - Waters, Dec 2007

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Financial-I Leaders in Innovation Awards

Formed through the recent acquisition of front-office software vendor, LatentZero, by sell-side vendor Fidessa, this broker neutral solution is highly flexible and its underlying technology is very sound, according to the the advisory panel.

Published - Financial-I, Dec 2007

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Compliance Takes Centre Stage

Once a bit part player, compliance has taken on a starring role at most asset management firms. Where it was once an activity that occurred only at the end of the trading preiod, usually involving a quick fix through the portfolio, it is now an essential pre and post trade activity. Consequently, using some form of compliance technology has become a recognized imperative,

By Matt Grinnell, Fidessa LatentZero

Published - Banking Technology, Dec 2007

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Dealing with new MiFID rules

For many buy-side institutions, the focus of the European Union's Markets in Financial Instruments Directive has been primarily in a single area. Their overwhelming concern over the past couple of years has been to ensure they are able to match up to the best execution requirements of the directive.

Interview with Richard Jones, chief executive of Fidessa LatentZero

Published - Hedgeweek, Nov 2007

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Technology bridges the buy and sell-side gap

Norwegian Bank DnB NOR has completed a radical overhaul of its trading systems, and has just won this year's TradeTech award for best buy-side use of advanced trrading tools. Head of global trading Johan Erikson describes the changes to the company's buy-side operations.

Published - Global Investor, Nov 2007

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Buying time

Industry research shows that buy-side trading is undergoing significant changes that warrant comprehensive overhauls of fund managers’ technology infrastructure. Nicholas Pratt talks to DnB NOR’s Johan Erikson, head of global trading, about the changes he has made.

Published - Funds Europe, Nov 2007

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Compliance Takes Centre Stage

By Matt Grinnell, Fidessa LatentZero

Published - European Fund Manager, Oct 2007

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The Emerging OEMS

The investment industry is experiencing an increasingly rapid pace of change in both the asset classes under management and the way in which they are traded. This creates a challenge notonly for portfolio managers and traders, but also for the providers of trading systems and software applications. The buy-side order management system (OMS) must evolve to meet these challenges, and the future lies in fully cross-asset-class platforms that support traditional order management with the addition of broker-neutral execution management functions typically found in the execution management system (EMS).

By Richard Jones, CEO, Fidessa LatentZero

Published - Wall Street & Technology, Sep 2007

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Makeover Mission

During the course of seven years of trading at DnB NOR Asset Management, Johan Erikson has witnessed, and to a large extent directed, the transformation of the firm’s front office. Erikson joined what was formerly Skandia Asset Management in 2000, after working as a sell-side broker with Skandia Banken. The gap between the buy and sell sides of the market at that time was substantial.

Published - Waters, Sep 2007

More on the interview

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OMS/EMS - The odd couple

With buy-side traders demanding more advanced execution management tools, OMS and EMS vendors have to decide whether to come together or stay apart.

Richard Jones, CEO, and Johan Erikson, Head of Trading at DnB NOR, comment.

Published - The Trade, Sep 2007

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Broker-Neutral OMS/EMS Solution Can Address Rapid Change In Investment Industry

The investment industry is experiencing an increasingly rapid pace of change in both the asset classes under management and the way in which they are traded. This creates a challenge not only for portfolio managers and traders, but also for the providers of trading systems and software applications. The buy-side order management system (OMS) must evolve to meet these challenges, and the future lies in fully cross-asset-class platforms that support traditional order management with the addition of broker-neutral execution management functions typically found in the execution management system (EMS).

By Richard Jones

Published - Wall Street & Technology, Aug 2007

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French Fund Administrator Rolls Out Capstone Minerva

Natixis Investor Servicing (NIS), a French fund administrator and provider of front, middle and back-office services to the asset management industry, has gone live with Capstone Minerva, the flagship order management system (OMS) from Fidessa LatentZero.

Published - Buy-Side Technology, Aug 2007

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EMS & OMS: STANDALONE OR INTEGRATED?

Aligned with the quest for fund performance, and with investors demanding more transparency, the execution quality of buy-side trading desks is coming under the microscope. In addition, with growing regulatory pressures in the US, Japan and Asia, and the introduction of MiFID in Europe with its prescriptive client order handling and best execution requirements, the operational control of buy-side trading has also come to the fore. As a result, the buy-side is now demanding broker neutral EMS capabilities fullyintegrated with the more traditional portfolio management, workfl ow controls and investment compliance offered by an OMS.

Published - Traders Magazine, July 2007

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Convergence Or War?

For years, user firms have been grappling with how best to exploit the advantages of order management systems and execution management systems. Part of the problem has been the difficulty of defining them. But now, these two major products streams are beginning to converge to become a single desktop application that integrates the execution capabilities of EMSs and the back-and-middle office functions of OMSes.

Published - Screen Magazine, July 2007

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The Demands Of Derivatives

These days, even the most conservative of institutional investors are turning to derivatives in search of higher returns. Peter John of Fidessa LatentZero looks at the advantages and risks involved, and discusses the effect of OTC instruments on buy-side technology.

Published - European Fund Manager, June 2007

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Companies Shaping The Future Of Finance

Financial News second annual list of 21 technology companies for the 21st century picks out of innovative businesses with the potential to shape the industry landscape in the new millenium.

Published - Financial News, 25 June 2007

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Going Straight To Market

The move towards fully automated electronic trading which has expanded into all asset classes in recent years provides the opportunity for the buy-side greater control of the trading process. This, in turns, leads to a need for fresh approaches from exchanges, new liquidity venues, intermediaries and companies providing order management, automation execution and connectivity services.

Published - International Banking Systems, June 2007

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Vendors Push Global OMS/EMS Platforms To Satisfy The Buy-Side

Rather than force asset managers to make a choice, technology providers are pitching integrated global order management systems/execution management systems solutions.

Published - Wall Street & Technology, 13 June 2007

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Technology Stalls Take-Up Of Algorithms

Fund managers in Europe have been slow to embrace algorithmic trading compared with their US counterparts. Poor technology has been blamed, and, while the market in financial instrument directive may eventually encourage algorithmic trading, fund managers' time and resources are focused on their projects.

Published - Financial News, June 2007

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Buy-Side Still To Overcome Post-trade Inertia

A recent Celent report shows that buy-side firms are still reluctant to invest in post-trade processing technology for derivatives, despite the obvious business advantages.

Published - Buy-Side Technology, June 2007

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Multi Asset Trading: Hot Or Not?

At trading technology conferences the world over, vendors run demonstrations to show how their trading platforms can handle products in multiple asset classes - equities, derivatives, fixed income or foreign exchange (FX). Indeed, many platforms on the market today can handle the whole lot. But the strength of the buy-side's demand for such capabilities remains unclear.

Published - Waters, June 2007

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Technology Methodology

As the foreign exchange market continues to grow and currencies are employed in a wider variety of situations by asset managers, the requirement to support electronic trading has become compulsory for asset managers investing in assets with an FX element and for those providing FX investments to investors.

Published - Funds Europe, June 2007

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Enter The Chief Compliance Officer

To paraphrase the famous Gilbert & Sullivan song:'A trustee's lot is not a happy one.' Not only have their roles and responsibilities been amended and made more prescriptive, but they are also likely to face a far greater degree of personal liability for any breaches in a now tightly regulated area. Trustees face pressure from all sides: increasingly regarded as the whipping boys for eagle-eyed regulators, they also face pressure from their members.

By Matt Grinnell, Compliance Consulting Manager

Published - Investment and Pensions Europe, May 2007

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Moving Data To Centre Stage

If the growing adoption of covered call funds is anything to go by, then the pundits can rest easy, safe in the accuracy of their optimistic predictions: derivatives really are here to stay. Already popular in the US where they represent some $20bn (€14.7bn) assets under management, the UK is coming to recognise the potential of these funds that use derivatives to limit exposure to the fluctuations in the stock market, while still offering high levels of income.

By Michael Toye, Head of Derivatives Analytics and Data

Published - Funds Europe, May 2007

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A Buyers Market

After years of being handed down systems originally developped for the sell-side, fund managers are now the most prized targets for technology vendors.

Published - Funds Europe, April 2007

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The Changing Face Of OMSs

The global investment management industry is experiencing an increasingly rapid rate of change, creating a challenge for portfolio managers, traders and providers of trading systems alike. LatentZero's Richard Hooke explains how buy-side order management systems must evolve to meet their challenges.

By Richard Hooke, Product Director

Published - Buy-Side Technology, April 2007

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Over 50% of Fortis Investments’ trades to be electronic in 2007

Fortis Investments will complete 50% of trades electronically this year, up from 25% in 2005 after the long running implementation of the latent Zero Minerva OMS system. Laurent Develay, forex dealer, Fortis Investments, explained that manual processes have been reduced, at the eFX Trading Conference in London.

Published - STPzone, 23 Apr 2007

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Fidessa's Acquisition of LatentZero Means Synergies for Buy and Sell Side

With more multi-asset trading on the horizon and buy-side firms clamoring for streamlined integration of OMSs and EMSs, London-based royalblue group, the company behind Fidessa, has agreed to acquire LatentZero, a provider of buy-side order management systems, for $125 million.

By Ivy Schmerken

Published - Advanced Trading, Apr 2007

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Changing World

Hedge funds have always had a special relationship with technology. They are what brand managers refer to as early adopters: swift to take advantage of the latest gadgetry and technological development, but always on the hunt for the next new thing. Rather than relying on comprehensive and sophisticated trading platforms with broad appeal, they use precise, specialised, proprietary systems. Consequently, the average hedge fund trading desk will have dozens of different interfaces, each working independently.

Published - STP, Feb 2007

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The Changing World Of Hedge Fund Technology

Hedge funds have always had a special relationship with technology.

Published - Hedge Fund Journal, Feb 2007

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Zero Integration Headaches

Execution management systems (EMS) will prove to be one of the "buy-side technologies of 2007" as investment managers look for DMA, aggregated liquidity, access to broker-supplied algorithms, a variety of market data feeds from a single interface.

Published - Buy-Side Technology, Feb 2007

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Fund Managers Wary Of Regulator's Friendly Tactics

Regulators are trying to throw off their reputation as the stick-wielding enemy and instead want to be the chief compliance officer's new best friend. Matt Grinnell says firms re uncertain.

Published - Global Investor, Dec/Jan 2007

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Fixing On Systems For Fixed Income

Over the past 20 years, the bond market has seen some significant changes.With the financial markets experiencing high levels of volatility,the eyes of the industry are once more focusing on fixed income instruments in a attempt to inject some stability into portfolios.

Published - Security Industry News, Jan 2007

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2007