Fidessa LatentZero, a provider of front-office software to the buy-side,
has enhanced its offerings in the fixed income space by partnering with BondVision, the MTS Group’s internet-based multi dealer-to-client bond-trading market.
According to the firm, the partnership will enable clients of Fidessa LatentZero to access BondVision’s multi-dealer electronic solution for fixed-income trading, and the liquidity of the MTS bond markets, via an interface in Minerva, its order and execution management system (OEMS). Clients will be able to ‘auction’ their business to the best bidder either outright, or by switching with up to five dealers online. The firm adds that the partnership enables joint customers to benefit from streamlined straight-through processing for their fixed income trading.
“The need for multi-asset class trading systems and capabilities has never been greater,” says Chris Gregory, head, connectivity services, Fidessa LatentZero. “Fidessa LatentZero has responded to these client needs by enhancing the fixed income capability of our own systems, and entering into relationships with partners like BondVision, that offer straight-through processing and minimise workflow error.”
He adds, “Our association with BondVision is one of a series of partnerships that extend the connectivity offered through our OEMS, Minerva.”