Buy-Side Technology Awards: Best Buy-Side EMS─Portware
The new technology was rebranded Alpha Vision, a broker-neutral trading and analytics solution that helps asset managers improve performance and increase automation and efficiencies. It injects artificial intelligence and commission-optimization tools into the trading process by monitoring more than 40 factors in real time, and using that information to generate predictive analytics that determine where a stock may be heading and with what algorithm it should be traded. Control is enhanced while adverse selection and information leakage are reduced.
The other big change at Portware is its cloud deployment option, which has been made available on all of its products. Its 130 clients are warming to the idea of receiving the customizable Portware Enterprise trade management system over the cloud. Pennsylvania-based asset manager CBRE Clarion Securities is one of those. "If you look at the fully loaded headcount cost, outsourcing to the Portware environment is definitely economical," says CBRE CTO Bob McManus. "It's not just the support aspect-you get high availability and that would cost a lot to do internally."
Mike Harris, director of trading at Baltimore-based alternative asset manager Campbell & Co., says he is similarly impressed by Portware's cost-reduction potential. "Because many counterparties and electronic communication networks have a point-of-presence either in the same datacenter as Portware or in the same zip code, you can connect to another point of liquidity or counterparty easily and quickly, which reduces cost," he says.
Look for Portware, which offers algorithmic trading strategies in equities, futures, options and foreign exchange (FX), to focus on the latter asset class in the months to come. CEO Alfred Eskandar has promised to enhance trading and transaction-cost analysis (TCA) capabilities in that growing asset class.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Awards & Rankings
Witad Awards 2024: Technology innovator of the year (vendor)—Christy Bremner, SS&C Technologies
Christy Bremner, senior vice president, Institutional & Investment Management (I&IM) division at SS&C Technologies, wins technology innovator of the year (vendor) in the 2024 Women in Technology and Data Awards.
Witad Awards 2024: EDM professional of the year—Neslihan Yegul, S&P Global Market Intelligence
Neslihan Yegul, vice president, head of EDM and thinkFolio at S&P Global Market Intelligence, wins EDM professional of the year in the 2024 Women in Technology and Data Awards.
Witad Awards 2024: Technology innovator of the year (end-user)—Laura Hamilton, Bank of America
Laura Hamilton, global head of corporate treasury, credit risk, climate risk, and financial forecasting technology at Bank of America, wins technology innovator of the year (end-user) in the 2024 Women in Technology and Data Awards.
Witad Awards 2024: Vendor professional of the year (data and operations)—Joanna Davies, OSTTRA
Joanna Davies, head of trade processing at OSTTRA, wins vendor professional of the year (data and operations) in the 2024 Women in Technology and Data Awards.
Sell-Side Technology Awards 2024: Best sell-side front-office platform—Bloomberg
Product: Bloomberg TOMS
Most read
- Chris Edmonds takes the reins at ICE Fixed Income and Data Services
- Deutsche Börse democratizes data with Marketplace offering
- Nasdaq reshuffles tech divisions post-Adenza