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Fidessa LatentZero Partners with Fincad on Analytics

Buy-side users will be able to value all fixed income and derivatives instruments in their portfolios through the entire LatentZero solution.

partnered with Fincad, whose software specializes in valuation and risk management of derivatives and fixed-income securities.

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 analytics.

Both companies had a previous relationship established in 2005, but this development marks a new phase. Fincad Analytics, which offers comprehensive coverage and transparency with 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 partnership, 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.

“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,” commented Peter John, derivatives product manager at Fidessa LatentZero. In particular, John cited the coverage of Far Eastern bonds as something that clients have shown interest in during recent months. “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,” commented John.

LatentZero 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.

In a statement, Amar Budhiraja, director of Fincad Alliance Program at Fincad, commented, “Fidessa LatentZero’s scale and reach, coupled with its reputation for robust yet innovative technology makes it a key strategic partner for Fincad.” Both companies will continue to work closely to explore new ways their services can benefit end users, stated Budhiraja.

Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio

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