Front office software provider Fidessa LatentZero has integrated Credit Suisse’s Advanced Execution Services (AES) FX smart routing and algorithms into its Minerva order and execution management system (OEMS).
The deal makes Credit Suisse the first broker to have its FX smart routing and algorithmic strategies integrated with the Minerva OEMS. Fidessa believes that the deal ensures that Fidessa LatentZero’s FX-focused clients can take advantage of the minimised workflow error, increased speed, and improved usability offered by the Minerva OEMS.
“AES FX has really taken off on the buy-side as well as the sell-side, and integrating our product with Fidessa LatentZero allows us to deliver our award winning strategies to clients without additional hardware or software infrastructure,” said Jonathan Wykes, head of AES FX in Europe at Credit Suisse, in a statement. “The Minerva OEMS is widely used by some of our larger asset management clients around the world, and through this partnership we look forward to providing them with AES FX’s market leading algorithms and unique business model.”
Fidessa hopes the agreement will pave the way for further FX algorithms to be integrated into Minerva from a variety of brokers.