Portware, a FactSet Company and a global provider of multi-asset trade automation solutions powered by artificial intelligence (AI), today announced upgrades to its execution management system (EMS), Portware Enterprise.
Portware Enterprise is a fully customizable “thinking” EMS designed to act as the central platform for the creation and execution of trading strategies for global equities, futures, options, fixed income, and FX.
The latest version, Portware Enterprise 6.4, focuses on assisting traders in managing the regulatory and administrative burdens while freeing up their time to concentrate on preserving alpha with state-of-the-art, AI-driven tools.
Portware Enterprise 6.4 offers users data warehouse functionality, advanced venue analysis, and an enhanced ability to record and analyze growing volumes of execution and Indication of Interest (IOI) data. The addition of on-demand, customizable reporting functionality will help clients meet growing regulatory requirements, while upgrades to Portware’s user interface offer greater customization.
Alfred Eskandar, CEO of Portware commented:
Traders today are inundated with data. When a fundamental challenge is merely sifting through the noise to find a signal, traders need smarter tools that can help them analyze market conditions and execute the best trading strategy for a particular order at any given time—while simultaneously meeting their regulatory obligations. An EMS should not just be a staging and order routing tool—it needs to add measurable value.
Richard Johnson, VP, Market Structure and Technology, at Greenwich Associates stated:
New best execution requirements and pending regulatory mandates like MiFID II will force firms to demonstrate they can effectively store, analyze and report on their execution data.
Firms will need to ensure they have access to advanced execution systems that can customize strategies and offer superior analytics necessary to deliver venue analysis and customized reporting.