PRESS RELEASE

BAXTER Financial Services integrates multi-bank ECN into Fidessa LatentZero's Minerva OEMS

Dublin - 14 July 2008

BAXTER Financial Services Ltd, a best execution & technology group focussed on the currency markets, today announced the integration of their multi-bank ECN into Fidessa LatentZero's Minerva OEMS (order and execution management system).

The Minerva OEMS will enable traders to release Spot FX or FX futures orders into BAXTER’s system. BAXTER’s order book is a live matching host, which can work a variety of order types against multibank liquidity. The system offers the efficiency and flexibility of exchange type order handling and execution for FX trading. Once the order is matched in the system the fill is returned to Minerva OEMS.

Jeff Grossman Sales Director at BAXTER said, “Our target is asset managers with diverse trading styles, who want the additional benefits of real-time matching and order handling with no last look or trade rejection. More specifically this will benefit any of those exploring algorithmic trading models and/or execution strategies.”

Chris Gregory, Head of Connectivity at Fidessa LatentZero, said: “We are pleased to have finished the integration of BAXTER’s ECN into Minerva OEMS. This partnership extends our commitment to providing the widest choice of liquidity destinations available in the market, further strengthening our comprehensive coverage of different ECNs, ATSs and alternative trading venues, across all asset classes.”

About Fidessa group

Fidessa group is a world-leading supplier of multi-asset trading, portfolio analysis, decision support, investment compliance, market data and global connectivity solutions for both the buy-side and sell-side globally. Available as a simple workstation or as an integrated application suite, the Fidessa and Fidessa LatentZero product suites are built on the clear vision of providing the richest functionality, coverage and distribution to the financial markets community.

The Fidessa suite is used by 85% of tier-one, global equity brokers providing sophisticated trading, market data, order management and execution capabilities to all tiers of the sell-side.

The Fidessa LatentZero suite is used by the world’s largest asset management firms through to smaller specialist managers and hedge funds, and provides comprehensive portfolio analysis, real-time P&L, what-if analysis, investment compliance, order and execution management, and post trade processing tools, across all asset classes, to all tiers of the buy-side.

Fidessa’s global network carries over 95 million messages a month covering DMA, Care and Algorithmic orders, Indications of Interest and FIX Allocations between around 1,500 buy-sides and 255 brokers across 92 exchanges worldwide.

Head-quartered in London and with offices in New York, Boston, Tokyo, Hong Kong, Paris, Toronto and San Francisco, Fidessa group serves around 22,000 users across 520 clients globally. Fidessa group was founded in 1981, has revenues of $270m, employs over 1,100 people and has been fully listed (LSE:FDSA) since 1997.

Press Contacts
Melanie Smith
Fidessa LatentZero
msmith@latentzero.com
+44 (0) 20 7462 4232

Aspectus PR (PR Agency)
Alastair Turner
alastair@aspectuspr.co.uk
+44 (0) 20 7487 8443