Fidessa LatentZero, a provider of front office solutions for asset managers and hedge funds, has integrated access to algorithms from RBC, Instinet, Knight/EdgeTrade and DnB NOR Capital Markets via Minerva, its order and execution management system.
According to the company, this latest round of integrations gives Minerva order and execution management system users access to the global algorithmic trading services of more than 20 brokers around the world.
The algorithms integrated into Minerva order and execution management system (OEMS) cover all trading regions, and offer standard strategies such as VWAP, TWAP and POV, as well as advanced algorithmic technology such as smart order execution strategies. Minerva original equipment manufacturers also provides access to proprietary offerings from: ABN AMRO, Bank of America, BNP Paribas, Citigroup, Credit Agricole Cheuvreux, Credit Suisse, Deutsche Bank, Fidelity Brokerage, Goldman Sachs, ITG, Jefferies, JP Morgan, Merrill Lynch, Morgan Stanley, Sanford Bernstein and UBS.
The company is planning to increase the geographic coverage of its algorithmic capabilities, as well as expanding coverage from mid-tier brokers. The company is also planning to extend its full-asset functionality to algorithmic trading by adding further asset classes to the existing equity coverage, such as the recent integration of Credit Suisse’s FX algos with AES FX.
In addition to access to the wide selection of broker algorithms, Minerva OEMS provides a complete full asset buy-side order management and trading environment. It includes real-time position keeping and P&L, portfolio analysis and drill down, order management workflows, and pre and post trade investment compliance, and meets the demands of global regulators and directives. Support is provided for equities, fixed income, money markets, foreign exchange and listed and OTC (credit and equity) derivatives. It provides single-click, low-latency connectivity from the blotter to more than 300 brokers, plus global DMA destinations, and connectivity to all major ECNs and alternative trading systems, said Fidessa LatentZero.
Chris Gregory, head of connectivity at Fidessa LatentZero, said: Integrating the 20th broker’s algorithms into Minerva OEMS is a significant industry milestone. It brings algo trading into the buy-side mainstream by giving asset managers direct access from the blotter to a comprehensive choice of trading strategies and brokers to match their own requirements.