Portware Retains Broker-Neutral Status with Aritas Tech Acquisition

alfred-eskandar
Alfred Eskandar, CEO, Portware

Once its acquisition of the technology assets of Aritas Group—owner of the troubled Pipeline Trading Systems dark pool—is completed by the end of the second quarter of 2012, trading systems provider Portware stands to gain Aritas’ Alpha Pro and Algorithm Switching Engine software, which Portware says will bolster its offerings while allowing it to remain broker-neutral. The vendor did not buy Aritas’ block trading or broker dealing business.

Along with the technology, Portware will also acquire

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