- Nov. 13, 2012 - New York and London, November 13, 2012
, the leading provider of global, multi-asset trading solutions, today announced that Buy Side Technology
has recognized Portware as the Best Buy-side execution management system (EMS) in the 2012 Buy Side Technology Awards.
Judged by a distinguished panel of journalists, independent analysts and industry experts, the award recognizes Portware’s comprehensive, flexible, broker-neutral trading solution. According to Buy Side Technology
, the best buy-side EMS award recognizes the platform that features true multi-broker/
exchange connectivity, pre-trade transaction cost analysis (TCA), sophisticated algorithmic trading tools and direct market access, and strong integration capabilities with OMSs.
Portware has achieved record results (http://www.portware.com/flash/files/news/pressreleases/pa...
) in 2012, due in large part to increased demand from buy-side firms that have turned to Portware to streamline and enhance their trade workflows. Portware Enterprise (http://www.portware.com/flash/files/products/PortwareEnte...
) is a fully customizable execution management system designed to act as a central platform for the creation and execution of algorithmic trading strategies for global equities, futures, options and FX. More than 130 financial firms worldwide have deployed Portware Enterprise, including tier-one institutional asset managers, hedge funds and broker dealers. Portware Enterprise provides access to the widest range of global trading destinations and broker algorithmic strategies, while the system’s flexibility and open architecture allows users to easily customize Portware Enterprise to meet their specific trading and workflow integration requirements.
As part of its vision to change the EMS space, Portware is the first and only provider to inject artificial intelligence and commission optimization tools into the trading process through Portware Alpha Vision (http://www.portware.com/flash/files/products/AlphaVision....
). Alpha Vision is an algorithmic optimization solution that uses predictive analytics to automatically select and implement the optimal execution strategy for any order in any market environment. It dynamically switches between algorithms and adjusts to changing market conditions in real-time to maximize alpha capture while minimizing impact costs, adverse selection and the impact of HFT strategies. Alpha Vision’s innovative sponsored execution model allows traders to direct order flow to the brokers of their choice, giving the sponsoring broker full credit for volumes and commissions.
“Winning the Buy-Side Technology
Award for best buy-side EMS is a testament to Portware’s vision to transform the way the buy side trades,” said Alfred Eskandar, CEO, Portware. “We’ve spent the past year creating a truly open, ‘thinking’
platform that addresses the buy-side’s performance, efficiency and commission optimization requirements. The EMS space is poised for a major evolution, and Portware will continue to innovate and invest in our global product suite to address the needs of tomorrow’s buy-side firms.”###
Founded in 2000, Portware LLC is the financial industry's leading developer of broker-neutral, automated trading solutions for global equities, futures, options and FX. With offices in New York, London, Hong Kong and Hyderabad, Portware works in partnership with its clients to create highly integrated solutions to streamline workflow and increase operational efficiencies on trading desks worldwide. Portware's flagship product, Portware Enterprise, is a fully customizable execution management system for single stock, portfolio, index and algorithmic trading. Portware Enterprise has been implemented at more than 130 financial firms worldwide, including investment management firms, hedge funds and sell-side program trading desks. For more information, please visit www.portware.com.