New enhancements focus on alpha capture, A.I.-driven analytics, and regulatory compliance tools
Portware, a FactSet Company and a leading global provider of multi-asset trade automation solutions powered by artificial intelligence (AI), today announced upgrades to its award-winning 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. Now traders can tailor even more of their individual workspaces to their evolving requirements, on demand, via new “Undock Any” functionality. Enterprise 6.4 users can now also launch FactSet reports with a single click from inside the Portware user interface, with reports opening directly in the FactSet workstation.
Further upgrades to Portware’s Wave Optimizer help portfolio managers and traders best determine how and where to route and execute their orders. At the same time, the underpinnings of Portware’s unique Alpha Pro artificial intelligence agent have been expanded such that every order on a trader’s blotter can now benefit from advanced analytics and strategy suggestions—without first-party data having to leave the firm.
“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,” said Alfred Eskandar, CEO of Portware. “An EMS should not just be a staging and order routing tool—it needs to add measurable value. Portware Enterprise 6.4 gives our clients much needed tools to improve their most complex global trading strategies. With our expanding FactSet integration we can offer a more robust trading solution and deliver on our joint commitment to provide the investment community with state-of-the-art analytic and execution applications across the portfolio lifecycle.”
“Market volatility and dynamic regional compliance initiatives are placing greater pressure on buy-side firms as they look to reduce technology complexity, cut costs and manage increasingly complicated workflows. 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,” said Richard Johnson, VP, Market Structure and Technology, at Greenwich Associates. “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.”