Parametric Portfolio Associates, an SEC registered investment advisor and a provider of structured portfolio management, has selected the Minerva Order and Execution Management System (OEMS) from Fidessa LatentZero to manage $30 billion in assets across more than 16,000 separately-managed accounts trading primarily in global equity securities.
Parametric, headquartered in Seattle, Washington, offers a variety of structured portfolio solutions, including customized core equity portfolios (U.S., non-U.S. global Tax-Managed CoreTM), emerging markets (Structured Emerging MarketsTM), and overlay portfolio management (OverlayOneTM).
Minerva OEMS will be replacing Parametric’s current proprietary trading system and will be closely integrated with their proprietary research systems.
Minerva OEMS is a fully integrated front-office position analysis and trading solution that provides support for all asset classes, including OTC derivatives, with real-time positions and P&L, integrated market data, order management and trading, with integrated compliance in one easy-to-use application, the vendor said.
This announcement follows a number of developments to Minerva OEMS in recent months, including delivery of next generation high performance blotters and the integration of a real-time TCA, which allows traders to receive instant TCA feedback on orders in Minerva OEMS.
Melanie Rodier has worked as a print and broadcast journalist for over 10 years, covering business and finance, general news, and film trade news. Prior to joining Wall Street & Technology in April 2007, Melanie lived in Paris, where she worked for the International Herald ... View Full Bio