Aviva Investors, the global asset management business of UK-based insurance group Aviva, has expanded its use of trading technology supplier Fidessa's LatentZero front-office trading solution.
Aviva will use three updated components of LatentZero: Tesseract, used for portfolio analysis and order generation; Minerva, for order management, trading and post-trade processing; and the Sentinel solution for pre- and post-trade investment compliance.
“In a company like Aviva Investors where we're thinking in terms of fairly long-term investments, it's important that our fund managers have access to the most up-to-date data and can see the status of their orders at all times,” said Ian Firth, head of centralised dealing at Aviva Investors. “The upgrade has improved real-time reporting functionality, and that, coupled with enhancements to the user interface, has made it popular with the end users.”
“Aviva Investors has been a significant client for many years, and it is pleasing to complete an upgrade of this scale in such a smooth and collaborative fashion,” added Ian Cox, director of buy-side client services at Fidessa. “The project has successfully delivered real business value and allows Aviva Investors to benefit from the ongoing investment we continue to make in the product suite.”