Commentary

Anne Plested
Traders Magazine Online News

Bottlenecks Ahead

Anne Plested, head of Fidessa's EU Regulation Change programme, has written a short blog arguing that although we should be thankful that ESMA have taken a pragmatic approach to moving things along, more bottlenecks could appear in the future.

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July 27, 2005

Latent Zero Networks

(Traders Magazine, July 2005) -- Latent Zero is going into the network business. The high-end buyside order management system vendor is launching a point-to-point FIX order routing network to transport its users trade instructions to brokers. Latent Zero already performs some connectivity chores for its clients such as FIX certification, but has decided to manage the entire end-to-end process. The vendor's execs offer two reasons for the move. First, they want to grow revenues. Second, they say the sellside, which will pay for the service, wants Latent Zero to take responsibility for the entire message relay process. Latent Zero's move makes it the fourth buyside OMS vendor to latch on to order routing as a way to make extra money. Macgregor has operated a network for nearly a decade. Charles River Development and LineData Services each launched services in the past year.