The upgrades to front office systems will allow SSgA to meet its objectives of driving down trading costs while improving workflows and risk control management, especially when regulatory requirements are increasing leading to growing compliance costs.
The buy-side offering for SSgA features a single pre- and post- trade compliance solution for all asset types to consolidate the compliance function, improved market connectivity for fixed income, foreign exchange and equities and portfolio modelling and decision support.
The scalable solution also offers functionality for equities, fixed income, listed and OTC derivatives, money markets and FX on both a pre- and post-trade basis.
Fidessa’s global trading community consists of more than 27,000 users across 950 buy-side and sell- side firms.
SSgA was an original customer of LatentZero prior to its acquisition by Fidessa and has $2 trillion under management.
