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: Rising star (vendor) – data, engineering & product development—Roberta Bill, SmartStream Technologies
Roberta Bill, product manager at SmartStream Technologies, wins rising star (vendor) – data, engineering & product development, in the 2024 Women in Technology and Data Awards.
Witad Awards 2024: Technology leader of the year (end-user)—Sejal Shah, BNP Paribas India Services
Sejal Shah, director and head of Global Markets IT BNP Paribas India Services, wins technology leader of the year (end-user) in the 2024 Women in Technology and Data Awards.
Witad Awards 2024: Reference data professional of the year (end-user)—Ludmilla Morgunova, BNP Paribas
Ludmilla Morgunova, Java developer on BNP Paribas’ Referential Data Platform, wins reference data professional of the year (end-user) in the 2024 Women in Technology and Data Awards.
Witad Awards 2024: Vendor professional of the year (trading and risk)—Mina Wallace, SS&C Algorithmics
Mina Wallace, general manager and senior vice president of the risk management business unit at SS&C Algorithmics, wins the vendor professional of the year (trading and risk) in the 2024 Women in Technology and Data Awards.
Witad Awards 2024: Above and beyond award (vendor)—Susan Bennett, Tradeweb
Susan Bennett, managing director, global head of product marketing at Tradeweb, wins the above and beyond award (vendor) in the 2024 Women in Technology and Data Awards.
Women in Technology & Data Awards 2024: All the winners and why they won
WatersTechnology honored the winners of the 36 categories in the 2024 Women in Technology & Data Awards, who were announced at a sit-down lunch in London on International Women's Day on March 8.
AFTAs 2023: Best new technology introduced over the last 12 months (data & data services)—SS&C Aloha
Northern Trust: Improving transparency across the asset servicing market
Northern Trust won three categories in the 2023 American Financial Technology Awards. Paul d’Ouville, global head of technology solutions and servicing at Northern Trust, discusses his firm’s fourth consecutive win in the Best reporting initiative…
Most read
- Women in Technology & Data Awards 2024: All the winners and why they won
- Witad Awards 2024: Above and beyond award (vendor)—Susan Bennett, Tradeweb
- Dark horse: Deutsche Börse building dark pool