On Monday, Natixis Investor Servicing (Natixis IS), a French fund administrator and provider of middle-office services to the asset management industry, made Capstone Minerva, the order management system from Fidessa LatentZero, available to its clients on an outsourced basis.
"We have decided to expand our service offering and make available professional front-office tools in addition to the middle and back-office chain that we already provide," says Eddy Confiac, COO, Natixis IS. "After evaluating several OMS' in the market, we selected Capstone Minerva because of its up-to-date, easy-to-use front-end functionalities, coverage of asset classes including OTC derivatives, and its technical architecture. In addition to the quality of the product, however, we were also impressed by the presence and support of the Fidessa LatentZero team in France," he adds.
"With the addition of an OMS, many of our clients will be able to focus on their core business while benefitting from a fully outsourced, front-to-back STP platform," comments Henri Giaccobbi, sales director, Natixis IS. "With the arrival of MiFID, it is more critical than ever that each of our clients has access to the best available tools to manage orders, find the best execution possible, and then prove that best execution," he notes.
"We are proud to participate in this outsourcing project," remarks Georges Setrouk, regional sales manager, LatentZero France. "We will work closely with Natixis to accompany it as its business grows," he adds.