Fidessa releases new version of Minerva OMS, bolsters buy-side sales team

Provider of trading, investment and information solutions for the financial community Fidessa Group plc (LON:FDSA) today announced the release of the latest version of its Minerva buy-side order management system (OMS).

Minerva forms part of Fidessa’s Investment Management Solutions suite which offers comprehensive, end-to-end workflow for investment decision, compliance, orders & trading and post-trade across all asset classes to asset managers.

The latest release includes: enhanced order handling capabilities across futures, options and swaps; comprehensive support for Latin American interest rate futures; more sophisticated fixed income trading functionality; support for market specific practices in Korea and Japan; identification of all crossing opportunities across dealing desks; and the use of new technologies to deliver significant performance gains.

In addition, the company announced it is bolstering its buy-side sales function in North America to respond to the evolving demands of the marketplace as well as its swiftly expanding product set. Fidessa has opened a new, expanded North American headquarters for its buy-side business in Boston.

The overall buy-side sales function will now be a part of the larger Fidessa group Americas sales organization led by Chris Valpone. He has been running Sales and Account Management for Fidessa in North America for the last 9 years. New Account Management and New Business Sales teams have been put in place and there are plans to further expand these teams in the future.

Heading up Account Management in North America is Doug Abere, whereas Paul Neumaier is heading up the North American New Business Sales team. Mr Neumaier has a proven track record of managing and securing new business for Fidessa in this region for over six years and has more than 15 years of experience in selling multi-asset OMSs to both the buy-side and sell-side.

Megan Costello, President of Fidessa Buy-side in North America, comments,

“We have invested heavily in our entire buy-side product suite in recent years, from our investment decision tools, through our powerful order generation and management solution Minerva, to compliance and post-trade. This latest version of the Minerva OMS delivers new, sophisticated functionality and ensures firms can trade across multiple regions with a centralized book and accommodate the most demanding and sophisticated workflow requirements on a desk-by-desk basis.”

“Strengthening our sales function and expanding to a new office in the region clearly demonstrates our continued commitment to the buy-side space. In tandem with our rapidly growing product set, we will continue to meet the evolving needs of our client base as well as grow our share of the buy-side marketplace”.

You can view the official announcement from Fidessa by clicking here.

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