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In a statement, Richard Jones, CEO of Fidessa LatentZero, said, "The last twelve months have seen increased demand from clients for more complex algorithmic trading tools, including pairs algos and similar contingent trading strategies, as well as the ability to work dark pools."
He added, "We have responded to that demand by integrating Nomura's ModelEx suite into our OEMS and EMS to ensure that our clients can retain competitive differentiation through access to the most up-to-date and comprehensive trading functionality on the desktop."
The ModelEx suite enhances the algorithmic capabilities that Nomura acquired from Lehman Brothers' European and Middle Easters and Asian equities and investment banking operations last year.
The algo suite includes more than 20 individual algorithms supporting core strategies as well as specialized tactical, portfolio, conditional and dark strategies for equities and futures. Fidessa LatentZero users will also have the option to leverage the ModelEx suite to create custom algorithms.
