Portware
Portware Enterprise is a fully customisable, broker-neutral trade management system for single asset, portfolio, basket, automated and algorithmic trading. Portware supports a full range of financial instruments across equities, futures, options, and FX asset classes.
Portware provides considerable order management functionality out of the box, and integrates with a wide variety of proprietary and commercial OMSs.
The system supports all major versions of FIX, including FIXatdl.
The company charges a flat monthly fee per desktop installation. Installation fees vary according to client requirements. Portware does not charge fixed or trailing maintenance fees.
Asia-specific features
Portware’s technology architecture can adapt to the structural characteristics of each Asian market. The system employs trade logic that can address each country’s regulatory and reporting requirements.
The firm’s Asia support staff are located in Hong Kong and India, and are fluent in English, Cantonese, Putonghua and Hindi. Asia-hours support is available from 06.30-18.30 Hong Kong time. The global support service operates 24/6.
Connectivity and access
Portware provides consolidated access to global liquidity points via more than 400 broker destinations. In Asia, the system accesses a wide range of alternative liquidity sources, including nine broker internal crossing networks, and numerous dark pools. Portware FX connects to over 20 bank direct feeds and five electronic communications networks.
Access is provided to algorithms from over 50 brokers globally, including over 15 in Asia.
Portware Enterprise can be hosted locally or in a data centre. An application service provider offering will be available later this year.
Version 5.0 of the system, launched on 4 May, includes numerous features that streamline the process of connecting clients with brokers and global liquidity pools. In addition, Enterprise 5.0 allows users to dynamically update plug-ins, such as order routing and trade validation modules, on the fly.
Algorithm support
Portware’s adoption of FIXatdl means algo updates can usually be coded and tested in a matter of days. Where brokers maintain FIXatdl themselves, Portware can upload a new file provided by the broker, distributing the change to users’ desktops in minutes.
Transaction cost analysis
Portware integrates a number of pre-trade analysis tools directly into its blotters and links to most broker portals. Post-trade analysis can be generated against any number of benchmarks, and execution data can be sent to providers of TCA services on an automated schedule or at the click of a button.