Fidessa LatentZero extends asset class coverage for derivatives
First Published Monday, 8 June 2009 from Automated Trader : EMS News
Fidessa LatentZero expands derivative instrument coverage in the Capstone suite of solutions
Peter John, Derivatives Product Manager, Fidessa LatentZero: "We were the first buy-side vendor to market with a dedicated derivatives solution, and the new dynamic basket functionality in particular will help us to maintain a healthy lead over our competitors."
Fidessa LatentZero, the provider of front-office solutions to the buy-side, has expanded derivative instrument coverage in the Capstone suite of solutions. Capstone now handles nearly 30 different types of derivative contracts, having added equity OTC derivatives to its existing range of fixed income and FX contract types.
As a result of the recent developments, users of Capstone should now have the ability to model and manage OTC equity options, equity swaps, total return equity swaps and dynamic equity baskets alongside more traditional asset classes in a single integrated environment. This is intended to offer users greater choice and flexibility over the strategies they use, including the 130/30s which can be traded using dynamic equity baskets. Together with the existing exchange-traded functionality in Capstone Minerva™, Fidessa LatentZero’s order and execution management system (OEMS), the latest developments in OTC derivatives should give Capstone users complete coverage of fixed income, foreign exchange, equities, commodities and commodity indices.
Derivatives users can choose from a number of derivatives pricing sources. Derivatives are tightly integrated with Sentinel, Fidessa LatentZero’s pre-and post-trade compliance solution, to aid compliance with UCITS III and other relevant regulations. Users can also drill down into their exposures, which are displayed in Tesseract, Capstone’s portfolio modelling and decision support tool, to enhance counterparty and credit risk management.
Peter John, Derivatives Product Manager at Fidessa LatentZero, says: “We have worked very closely with our clients to enhance our derivatives trading capabilities and give them the greatest possible coverage across all asset classes, currencies and strategies. Derivatives are integrated across our entire product suite, and, in particular, closer integration with Tesseract and our compliance engine Sentinel have enhanced their functionality even further.”
John continues, “We were the first buy-side vendor to market with a dedicated derivatives solution, and the new dynamic basket functionality in particular will help us to maintain a healthy lead over our competitors. Naturally, we will continue to enhance the product in response to client demand and support new asset classes as they hit the market.”
- SGX to offer Nifty options
The Singapore Exchange (SGX) has announced that it expects to offer options on the S&P CNX Nifty Index (Nifty) and related products in the coming year.
This follows SGX’s obtaining of licensing rights from India Index Services & Products Limited (IISL) for the product range including derivative contracts on the CNX Nifty Junior, CNX 100 and CNX Midcap indices....continued - UBS admits 69 ETCS to London Stock Exchange
The London Stock Exchange has announced that UBS has become a new issuer of Exchange Traded Commodities (ETCs) on its markets....continued
- UBS to launch European Multilateral Trading Facility
Tim Wildenberg, Head of Direct Execution Services, EMEA, UBS Investment Bank: “We believe the MTF will offer incrementally improved crossing opportunities while still providing reduced signalling risk and measurable spread savings."
UBS Investment Bank has announced its intention to launch, pending regulatory approval from the UK Financial Services Authority, a new Multilateral Trading Facility (MTF) for crossing orders in European stocks.
UBS MTF will be a non-displayed orderbook, featuring a Central Counterparty (CCP) model....continued
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