Portware Helps Kabrik with VWAP Strategies
TRADING FLOOR TECHNOLOGIES
NEW YORK—Officials at executing broker Kabrik Trading tell DWT that they have been using portfolio trading software from Portware for the past year to help with the firm's volume weighted average price (VWAP) and other advanced strategies.
In fact, broker officials say they have been able to beat the VWAP benchmark by more than one cent per share since the firm deployed Portware Professional for five traders in its Irvington, N.Y.-based, over-the-counter (OTC) trading desk in March
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