Portware, an independent provider of broker-neutral, multi-asset trading systems, has enhanced its offerings to allow the integration of sophisticated pre-trade analysis and execution tools. Portware’s solutions provide buy-side clients with a MiFID-ready trading environment.
Portware’s neutrality enables the provision of access to pools of liquidity and unlimited sources of transaction cost analysis (TCA) from one customisable portal. Portware has incorporated multiple-broker and independent pre-trade cost estimates and post-trade analytics combined with real-time benchmarking, delivering a solution for achieving and proving best execution, the firm says.
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.”
“Portware provides a complete snapshot of key points throughout the trade cycle to enable extensive trade analysis of best execution,” adds Goldberg. “We have adapted this functionality to introduce compliance reporting features in accordance with Reg NMS and MiFID. The 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 provides complete trade and execution management for single order, portfolio, program and algorithmic trading. The centralised 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 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.
Ary Khatchikian, president and chief technology officer, Portware, adds, “Portware’s 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 third-party applications such as risk and compliance, order management systems (OMS), data feeds and networks.