Press Releases
Fidessa LatentZero furthers partnership with FINCAD to extend analytics provision
Partnership broadens fixed income, derivatives and cash management functionality
London and Vancouver, BC - March 2, 2010
Fidessa LatentZero, one of the leading providers of front-office software to the buy-side, has announced that it has signed a new agreement with FINCAD, the trusted analytics provider. Under the new partnership, users will be able to value all fixed income and derivatives instruments in their portfolios through the LatentZero platform using FINCAD's industry-standard analytics.
This development marks a new phase in the already well-established relationship between the two companies, which has been in place since 2005. FINCAD Analytics, which provides comprehensive coverage and transparency with its extensive documentation, was previously integrated into the derivatives module of LatentZero, but will now be available across the entire solution to calculate prices, sensitivities and cash flows, and will include money market and bond functionality. Through this, it will be possible to make cash flow projections, or carry out cash management calculations on a daily basis or historically. Annual upgrades will be implemented automatically.
Amar Budhiraja, director of FINCAD Alliance Program at FINCAD said: "Fidessa LatentZero's scale and reach, coupled with its reputation for robust yet innovative technology makes it a key strategic partner for FINCAD. It's a testament to the strength of the relationship to date that we are in a position to extend the partnership in this way. We continue to work closely with the team at Fidessa LatentZero to explore more ways in which our services could complement each other for the benefit of end-users."
Peter John, derivatives product manager at Fidessa LatentZero added: "We're delighted to be able to roll this out across our buy-side suite. This new phase of the partnership with FINCAD presents a real leap forward in fixed income and cash management functionality for our clients. What's particularly exciting is the coverage of Far Eastern bonds, which is something we've seen a real interest in from clients in recent months. A further benefit of this relationship is that by integrating third party analytics we meet the necessary compliance standards for international markets. We look forward to further development work over the course of this year."
LatentZero is a fully integrated front-office position analysis and trading solution that provides support for all asset classes, including OTC derivatives, with real-time positions and P&L, integrated market data, order management and trading, and integrated pre and post-trade compliance.
About FINCAD
Founded in 1990, FINCAD provides software and services supporting the valuation and risk management of cross-asset class derivatives and fixed income securities to banks, hedge funds, asset management firms, corporate treasuries, and auditors. FINCAD is the industry standard for financial analytics used by more than 35,000 financial professionals in over 80 countries. Over 70 FINCAD Alliance Partners embed FINCAD analytics within their solutions.
www.fincad.com
About Fidessa group
Fidessa group is the leading supplier of multi-asset trading, portfolio analysis, decision support, compliance, market data and connectivity solutions for firms involved in trading the world's financial markets. Fidessa's products and services are built on the simple vision of making it easier to buy, sell and own financial assets of all types on a global basis.
PEDIGREE
A dynamic, growing company with a proven track record, Fidessa is recognised as the thought leader in the marketplace, with an unrivalled set of products and services which set the benchmark for this industry and, uniquely, serve both the buy-side and sell-side communities globally.
EXPERIENCED
With over 28 years' experience delivering powerful, resilient, mission-critical systems, Fidessa develops all its products itself from the ground up, investing heavily in their continual evolution. The resulting leading-edge, truly integrated solutions have established Fidessa as the industry's number one choice, and are used by over 85% of tier-one, global financial institutions.
SCALE
Headquartered in London and with regional operations across Europe, North America, Asia, and the Middle East, Fidessa supports 25,000 users across 850 clients, serving a broad spectrum of customers from major investment banks and asset managers through to specialist niche brokers and hedge funds.
ESTABLISHED
Fidessa group is listed on the London Stock Exchange (symbol FDSA) and is a FTSE 250 company. Fidessa has a turnover of around £240m, has delivered 30% compound growth since its 1997 listing and now employs 1,500 people globally.
Media Contacts
FINCAD
Sarah Quon
Direct: 604 831-9599
Email: pr@fincad.com
Fidessa Group
Melanie Carpenter
Fidessa LatentZero
melanie.carpenter@fidessa.com
+44 (0) 20 7105 1215
Aspectus PR (PR Agency)
Alastair Turner/Ellie Bacon
fidessa@aspectuspr.co.uk
+44 (0) 20 7182 4865
