Portware Completes Aritas Acquisition

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Portware is acquiring staff and patents along with the technology.

Tech assets from company re-branded as Portware Alpha Vision.

Portware has announced that its acquisition of technology assets from the Aritas Group, formerly known as Pipeline, is now complete.

Alpha Pro and the Algorithmic Switching Engine have been rebranded as Portware Alpha Vision with the completion, and is now available. The product is aimed at buy-side clients, and provides various automation and optimization perks, offered in conjunction with brokers. The software uses intelligent algorithmic selection to adjust strategies automatically during trading hours, and allows for analytical assessment of high-frequency trading (HFT) activity.

Portware initially announced its intention to acquire the technology assets of Aritas, without its block trading or broker-dealer business, in early May 2012.

"This type of artificial intelligence provides an unprecedented level of automation that will help any user improve trading efficiencies, enhance execution quality and optimize commissions. With Alpha Vision, Portware has taken automated trading to a new level, helping transform the way the industry analyzes, communicates and executes investment ideas," says Alfred Eskandar, CEO at Portware. "The response we've received since we announced this new model has been overwhelming. Four top-tier global investment banks and several regional brokers are participating, and multiple clients are already live on the system, including leading pension funds, asset managers and hedge funds."

Portware initially announced its intention to acquire the technology assets of Aritas, without its block trading or broker-dealer business, in early May 2012.
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