Aviva Investors in significant transaction system upgrade

Aviva Investors, a division of the Aviva financial services and insurance group, has gone live with an upgraded Fidessa buy-side platform aimed at improving its financial transactions.

Aviva has upgraded its deployment of Fidessa's LatentZero suite, which consists of Tesseract, for portfolio analysis and order generation; Minerva, for order management, trading and post-trade processing; and Sentinel, for pre- and post-trade investment compliance.

Ian Firth, head of centralised dealing at Aviva Investors, said: "Fidessa’s LatentZero suite of products has been fundamental to our front office operations for equities and fixed income since we first began using it in 2005. Although this is primarily a technical upgrade, it also gives us new and improved functionality across all three components."

Firth explained: "At Aviva Investors we’re thinking in terms of fairly long-term investments, so it’s important that our fund managers have access to the most up-to-date data, and can see the status of their orders at all times.

"The upgrade has improved real-time reporting functionality, and that, coupled with enhancements to the user interface, has made it popular with the end users.”

Aviva Investors is a single brand for all Aviva investment products in 15 countries, including Canada, France, Ireland, Netherlands, Poland, Romania and the UK. The division's parent group signed a ten-year£700m datacentre management deal with HP last year.