Portware, a provider of electronic trading solutions, has partnered with transaction cost analysis (TCA) provider Abel/Noser to supply its institutional investor client base with new pre-trade analytics.
Users of Portware's Enterprise execution management system (EMS) will now have access to Trade Compass, Abel/Noser's pre-trade TCA solution, which is powered by TCA specialist firm Ancerno. This includes cost estimates for portfolio and single-stock trades, which can be viewed directly via Portware's trading blotters.
According to Portware, the integration of Trade Compass into Enterprise will enable traders to improve execution quality and reduce market impact.
“Trade Compass is unique in that it uses Abel/Noser's vast universe of trade data as a basis for estimating ”experience-based' execution costs,” said Bill Conlin, president, Abel/Noser. “Calculations are stock specific and provide results based upon the characteristics of each trade, including size and momentum. Through this integration, traders will be able to take advantage of our industry leading pre-trade solution from within the Portware Enterprise EMS.”
“Portware's open and flexible technology architecture allows our clients to efficiently access all broker TCA resources from a single trading platform,” added Portware CEO Eric Goldberg. “By integrating Portware Enterprise with Abel/Noser's Trade Compass, we have given clients another source of advanced pre-trade analytics to help them optimise their trading strategies and pursue best execution.”