Fidessa LatentZero, Ancerno Partner for Post-Trade TCA

Ancerno, a provider of transaction cost analysis products and services, has partnered with Fidessa LatentZero to provide access to its Trade-Zoom post-trade application from Fidessa’s Minerva Order and Execution Management System (OEMS).

Fidessa LatentZero has built an extract that pulls client trade data from the Minerva OEMS and pushes it to Ancerno for measurement and analysis. Clients previously had to send their own trade data files to Ancerno.

James Noser, President of Ancerno, said in a statement, “The extract will save our clients time and effort in providing us data. It can help make their reports even more accurate and informative. It may also enable Fidessa LatentZero’s other clients to subscribe to Ancerno’s services through our network of re-sellers”

Added Chris Gregory, Director of Connectivity at Fidessa LatentZero, “The agreement with Ancerno allows Fidessa LatentZero to provide a turnkey TCA solution to all of our clients. This capability will make Minerva OEMS more competitive in the marketplace.” Several beta clients, including a large U.S.-based capital management firm, are slated to being testing the data extract soon.