Fidessa, a supplier of trading and connectivity solutions to the global broking and investment management communities, announced on Wednesday the expansion of its operations in Japan in support of its LatentZero buy- side product suite in the region.
Fidessa has built itself a reputation within the Japanese market for product delivery and support through bilingual helpdesk and implementation teams. The expanded operations will include the provision of a local language helpdesk for Fidessa LatentZero products along with dedicated sales and implementation resources.
Fidessa says its LatentZero buy-side product suite provides investment management front-office software for portfolio analysis, modelling, order generation, order and execution management (OEMS) and trading, with pre- and post-trade compliance. The system covers equities, fixed income, money markets, FX, and listed and OTC derivatives.
Driving this expansion is increasing demand from the buy-side community in Japan for the Fidessa LatentZero solution, according to the firm. This move follows the acquisition of LatentZero by Fidessa earlier this year. Previously, Fidessa LatentZero clients in the region were supported remotely from the company's European and US based centres.
"The growth of the Fidessa LatentZero blue-chip client base in Japan demonstrates our product's suitability for this market," comments Richard Jones, CEO, Fidessa LatentZero. "We believe that there is still a significant opportunity for us to grow our client base and the launch of local sales, support and implementation services strengthens our buy-side product offerings further," he adds.