LatentZero, provider of buy-side front office technology for global asset management, and Liquidnet will integrate access to Liquidnet with LatentZero’s order management system, Minerva, enabling institutional users to trade large blocks of shares directly and anonymously across 13 international equity markets.
Through Liquidnet, a global trading system that enables institutions to conduct real-time negotiations, Minerva’s users will be able to trade large blocks of stock without breaking them down into smaller trades. This will minimize the market impact and avoid the unnecessary transaction costs that ultimately erode performance.
Institutions will benefit from the ability to source liquidity without making their intentions known to the marketplace, and maintain complete control of execution price and quantity. Integration between Liquidnet and Minerva will be effective from the first quarter in 2006 in both the US and Europe.
Mark Montgomery from LatentZero said, The buy-side faces increasing difficulties in sourcing adequate liquidity in today’s marketplaces. LatentZero’s work with Liquidnet addresses some of their concerns over market impact in traditional venues, and will offer our clients a new and important execution destination, enabling them to conduct business in the most effective way. Through Minerva, our aim is to strengthen end-to-end processes and take order management in to the execution stage.
