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Fidessa LatentZero integrates Bloomberg TSOX

Posted: 20 January 2009

Fidessa LatentZero, the providers of front-office software to the buy-side, has integrated its order and execution management system, Minerva OEMS, with Bloomberg’s Trading System Order Execution (TSOX) staging blotter. The move is intended to offer Minerva customers greater flexibility, control and accuracy for the trading of cash bond orders.

Chris Gregory, head of connectivity services at Fidessa LatentZero says: “Extending our relationship with Bloomberg in this way gives our customers an additional destination to send cash bond orders, and offers them greater choice with regards to the execution of those orders.”

The Bloomberg TSOX blotter integrates the liquidity of Bloomberg ALLQ and FIT with the suite of analytics and other price discovery tools available on the Bloomberg Professional Service. Bloomberg TSOX accepts multiple electronic trades simultaneously without re-keying data and sends trade reports, including competing dealer quotes, directly back to the Minerva blotter. This allows for straight through processing and automation when executing cash bond orders.

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