Do not invest more money than you can afford to lose.
Fidessa (LSE: FDSA), a British-based financial technology company, announced it has upgraded its Minerva buy-side order management system (OMS).
The new release has improved order handling capabilities of futures, options and swaps. It supports Latin American interest rate futures and specific market practices in Korea and Japan, contains more sophisticated fixed income trading functionality, improved identification of all crossing opportunities across dealing desks, and enhances the use of new technologies to deliver significant performance gains.
The Minerva OMS is part of Fidessa’s Investment Management Solutions suite, which provides asset managers with comprehensive, end-to-end workflow for investment decision, compliance, orders & trading and post-trade across all asset classes.
Besides Minerva, Fidessa’s buy-side suit includes two other products – Sentinel and Tesseract. Sentinel is used by the majority of the largest global asset managers for pre-trade and post-trade compliance checks. Tesseract is a portfolio management tool.
According to the company’s own information, its sell-side infrastructure and solutions are being used by 85% of world’s leading financial institutions, making transactions worth $20 trillion each year.
Fidessa also announced it is expanding its buy-side business in the US and North America by integrating it into the larger Americas group and opening a larger office in Boston.
The company also has offices in London, New York, Chicago, Tokyo, Hong Kong, Paris, Toronto, San Francisco, Belfast, Singapore, Bahrain, Sydney and Sao Paulo.
Besides trading platforms and order management systems, Fidessa, which has been set up in 1981, offers trading data and analysis tools to buy-side and sell-side financial services customers.
