Threadneedle has been using the full LatentZero suite since 2003 to handle the majority of its equity operations. This upgrade, which saw Threadneedle partner with Fidessaâs own professional services team, was part of a wider programme of technical change at Threadneedle, with multiple co-dependent technology projects running concurrently.
Tom Cunningham, Head of IMS at Threadneedle explains: âFor us, the LatentZero system is the cornerstone of our trading technology so interoperability with all of our other systems is crucial. Evidently, timing was fundamental here, and it was particularly impressive that we were ready to go live ahead of the aggressive timescales in place. This upgrade has enabled us to implement a version of the software that is also used by many of our peers, and thus gives us a robust and reliable base from which to bring on additional functionality in the future.â
Ian Cox, Director, Buy-side Client Services at Fidessa adds: âIt has always been a key element of Fidessaâs strategic approach to develop long-term consultative relationships with our clients, and this is a prime example. The project was executed in a truly collaborative manner, using the enhanced engagement model which we are now adopting across our client base. As a result of this model, and the knowledge and commitment of the team, we have completed a significant technical upgrade ahead of schedule. As a result of this upgrade, Threadneedle will benefit in the future from the significant technology and functionality advances we have delivered in the recent product set. We very much look forward to continuing our successful partnership.â