Portware Taps Abel/Noser to Provide Pre-Trade Analytics to Buy-Side Clients
Portware has integrated New York-based broker Abel/Noser's Trade Compass pre-trade transaction cost analysis (TCA) solution into Portware Enterprise. Trade Compass will help Portware's client traders improve execution quality and reduce their market impact. The solution also includes both portfolio and single-stock pre-trade cost estimates.
"Trade Compass is unique in that it uses Abel/Noser's vast universe of trade data as a basis for estimating 'experience-based' execution costs," says Bill Conlin, president of Abel/Noser. "Calculations are stock specific and provide results based upon the characteristics of each trade, including size and momentum. Through this integration, traders will be able to take advantage of our pre-trade solution from within the Portware Enterprise EMS."
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