Fidessa has launched its LatentZero as a Service fully managed service for the buy-side front office.

LatentZero as a Service is a fully managed end-to-end service covering compliance, order and execution management and decision support across all asset classes. The software as a service model offers fast implementation as well as lower, fixed costs.

Users pay a monthly fee to access LatentZero as a Service, which includes full infrastructure management, encompassing hardware, software, hosting, market connectivity, training and upgrades. Pre-built regulatory compliance rules are also included.

In a statement Richard Jones, CEO of Fidessa LatentZero, said, "The Software as a Service model will become the dominant model for delivery of front office solutions to the buy-side over the next few years. We have already experienced this with the sell-side area of our business where over 90 percent of our customers use SaaS for Fidessa's trading platforms."

He added, "We think it will be particularly compelling for smaller buy-side firms, firms operating in emerging markets, and for larger firms that are specifically looking to reduce their total cost of ownership. With LatentZero as a Service, firms can outsource the running of their front office technology to the company who designed and built it, freeing them to concentrate on their core business."