Portware, an independent provider of global, broker-neutral, multi-asset trading systems has enhanced its offerings to allow the integration of sophisticated pre-trade analysis and execution tools.
Portware's open and flexible solutions provide buy-side clients with superior execution and a MiFID-ready (Markets in Financial Instruments Directive) trading environment.
Portware's neutrality enables it to provide unrivalled access to pools of liquidity and unlimited sources of Transaction Cost Analysis (TCA) from one seamless and customizable portal. Portware has incorporated multiple broker and independent pre-trade cost estimates and post-trade analytics combined with real-time benchmarking, delivering a comprehensive solution for achieving and proving best execution. The deployment provides users with a real-time, single view of their trading workflow and transaction costs in order to execute trades more efficiently, minimize market impact and improve performance.
Eric Goldberg, chief executive officer, Portware, comments: "As one of the few remaining broker-neutral trading platforms, Portware supports the needs of buy- and sell-side traders, enabling them to quickly adapt to ever-changing regulatory requirements and take advantage of new opportunities in electronic trading."
Goldberg adds: "Portware is the most comprehensive best execution trading system available. It provides a complete snapshot of key points throughout the trade cycle to enable extensive trade analysis of best execution. We have adapted this functionality to introduce compliance reporting features in accordance with Reg NMS and MiFID. The customizable trade management system offers the flow and containment of information in one system, enabling financial institutions to take control of complex trading strategies and risk in one place."
Portware's multi-asset functionality provides complete trade and execution management for single order, portfolio, program and algorithmic trading. The centralized platform aggregates real-time and reference data, TCA, Indications of Interest (IOIs), research, risk and compliance in real-time.
Portware's interconnected trade infrastructure allows for easy implementation of proprietary strategies and algorithms, as well as access to broker-supplied algorithms. Traders are able to place controls and restrictions across an entire enterprise, direct commissions, add compliance constraints and hedge requirements. The portal offers an extensive range of algorithms and trading tools - with more than 30 different suites of broker algorithms integrated and over 250 certified execution venues globally, covering DMA, Program Trading and crossing.
Ary Khatchikian, president and chief technology officer, Portware adds: "Portware's customizable and scalable environment is designed to handle high frequency executions. This ability to scale with existing resources combined with real-time analytics and market access is crucial to capturing alpha and reducing costs in the increasingly fragmented global marketplace."
Portware's open, flexible architecture enables financial institutions to easily add new functionality and seamlessly integrates with existing infrastructures and 3rd-party applications such as risk and compliance, Order Management Systems (OMS), data feeds and networks.