Fidessa LatentZero, a front-office software provider, has incorporated direct access to agency broker Sanford C. Bernstein’s algorithms into its standalone EMS Workstation.
The suite of eight algorithms, already available on Fidessa LatentZero’s OEMS, Minerva, will enable users of the EMS Workstation to reach multiple non-displayed liquidity venues with potential for price improvements and additional trading volumes while minimising market impact.
“As the European equity market continues to fragment, sophisticated and dynamic strategies are necessary to ensure best execution,” noted Russell Thornton, product marketing, Fidessa LatentZero. “Sanford C. Bernstein is an independent agency broker with its own research department, and our clients will be able to access multiple trading venues using its algorithms,” he added.
Fidessa LatentZero’s EMS Workstation is a broker-neutral, low-latency trading application for equities and equity derivatives for global markets.
“We are delighted to be able to make our algorithm suite available to an even wider customer base through Fidessa LatentZero’s EMS Workstation users,” commented Mark Montgomery, VP algorithmic and program trading, Sanford C. Bernstein.