Portware, a provider of broker-neutral multi-asset trading solutions, has announced its integration with direct access broker-dealer Genesis Securities, which has become a certified destin
Portware, a provider of broker-neutral multi-asset trading solutions, has announced its integration with direct access broker-dealer Genesis Securities, which has become a certified destination within Portware’s scalable algorithmic trading platform.
The agreement will allow Portware’s clients to benefit from high-speed execution, integrated fast market data and co-location data centre from Genesis, provider of the proprietary Laser Trading Platform.
‘The combination of Portware’s advanced execution management and pre- and post-trade analytics with Genesis Securities’ ultra-low latency execution, promotes quality and speed, unrivalled in today’s US equities and equity options markets,’ says Genesis chief executive William Yeh. ‘These integrated offerings create a number of exciting opportunities for our clients.’
Harrell Smith, co-head of the product strategy group at Portware, says: ‘Portware offers the widest possible range of trading destinations on a single platform. We are pleased to add Genesis Securities as one of our certified destinations and high-speed market data providers.’
Portware’s suite of products includes a trading platform which supports foreign exchange, single stock, portfolio, programme, pairs and index trading coupled with a black-box algorithmic engine, the Portware Strategy Server, which offers a customisable central trade portal from which to conduct a comprehensive range of trade activity.
Since its launch in 2000, the company has seen its solutions implemented at more than 100 firms worldwide including quantitative hedge funds, traditional asset management firms and sell-side programme trading desks.
Portware offers the ability to create proprietary algorithms controlling every aspect of trade management or execution from automated market-making to hedging, crossing and full order-book management. These strategies can be executed by traders from within Portware’s user interface or automated using the Portware Strategy Server.
Genesis Securities offers redundant, ultra-high bandwidth lines to all major market participants, including dark pools of liquidity, using economies of scale. It offers execution and data solutions by through an array of application protocol interfaces, FIX connectivity and the proprietary Genesis Trading Protocol.
