The firms say their collaboration will see improved STP and enhanced electronic trading connectivity for users of LatentZero’s order management and trading system, ‘Capstone Minerva’.
This system offers users 24×7 cross-asset order management and trading capabilities, an ability to integrate real-time market data from leading providers into its trading blotter, and direct access and algorithmic trading services using the FIX messaging protocol.
By using the certified interface between MarketAxess and Capstone Minerva, LatentZero users will benefit from an increase in operational efficiency and reduced processing time, explains Chris Gregory, newly appointed head of connectivity services at LatentZero. The interface will provide clients with greater choice and flexibility, while increasing trading speed to make execution more efficient.
The deep integration between the LatentZero and MarketAxess solutions will result in enhanced STP and will enable joint clients to streamline their trading processes and achieve faster time to market, resulting in even greater ROI, added Nick Themelis, CIO of MarketAxess.
