Oceanwood Capital, a hedge fund based in Boston and London, has started using trading technology provider Fidessa LatentZero’s Capstone front-office trading solution suite. Capstone comprises Fidessa LatentZero’s Tesseract portfolio analysis, scenario modelling and order generation tool, its Minerva order and execution management system, and its Sentinel pre- and post-trade compliance solution.
The implementation saw Fidessa LatentZero partner with Oceanwood and CITCO Fund Services, the administrators to Oceanwood’s funds.
Oceanwood will use Capstone for equities, equity options and fixed income trading. Oceanwood has also deployed LTN, a service from Fidessa LatentZero that provides FIX connectivity and offers a single provider for both the management of FIX infrastructure and the provision of an order routing network.
In addition, Fidessa LatentZero has been working with CITCO to create an interface that transfers data directly between Capstone and CITCO’s AXEO system.
“Having looked at other vendors and assessed the products available, we chose Fidessa LatentZero’s Capstone for a number of reasons,” said William Nicholas, chief operating officer, Oceanwood Capital, in a statement. “We were impressed with the system’s multi-asset class capabilities and FIX connectivity, and also liked the look and feel of the GUI. Fidessa LatentZero has demonstrated considerable commitment to the hedge fund space, and has been responsive in configuring its solution to meet our needs, and that too was a significant factor in our choice.”
Richard Jones, CEO, Fidessa LatentZero, added, “We are seeing an increasing demand being placed on hedge funds to demonstrate operational control and effective compliance management fully integrated with their front office processes. In such a competitive market, it is increasingly important that hedge funds utilise appropriate high-end front office technology that can be deployed quickly and efficiently.”