Portware, a provider of multi-asset trade automation solutions powered by artificial intelligence (AI), has upgraded its execution management system (EMS), Portware Enterprise.
Portware Enterprise is a fully customisable “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 AI-driven tools.
Portware Enterprise 6.4 offers users data warehouse functionality, advanced venue analysis, and an enhanced ability to record and analyse growing volumes of execution and Indication of Interest (IOI) data. The addition of on-demand, customisable reporting functionality will help clients meet growing regulatory requirements, while upgrades to Portware’s user interface offer greater customisation. Traders can tailor 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. 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 analyse market conditions and execute the best trading strategy for a particular order at any given time – while simultaneously meeting their regulatory obligations,” says Alfred Eskandar (pictured), 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, analyse and report on their execution data,” says Richard Johnson, VP, market structure and technology at Greenwich Associates. “Firms will need to ensure they have access to advanced execution systems that can customise strategies and offer superior analytics necessary to deliver venue analysis and customised reporting.”