Portware upgraded its execution management system (EMS), Portware Enterprise.
Portware Enterprise is designed as a customisable EMS that acts as a central platform for the creation and execution of trading strategies for global equities, futures, options, fixed income and FX.
The firm says that the latest version, Portware Enterprise 6.4, focuses on assisting traders in managing regulatory and administrative burdens, while freeing up their time to concentrate on preserving alpha with “state-of-the-art”, AI-driven tools.
The EMS is designed to offer users data warehouse functionality, advanced venue analysis and an enhanced ability to record and analyse growing volumes of execution and Indication of Interest (IOI) data.
The firm says that the addition of on-demand, customisable reporting functionality will help clients meet growing regulatory requirements, while upgrades to Portware’s user interface offer greater customisation.
Further upgrades include changes to Portware’s Wave Optimizer that are aimed at helping portfolio managers and traders best determine how and where to route and execute their orders. Additionally, the underpinnings of Portware’s Alpha Pro artificial intelligence agent have been expanded so that analytics and strategy suggestions can be applied to orders on a trader’s blotter without first-party data having to leave the firm.
“Traders today are inundated with data. When a fundamental challenge is merely sifting through the noise to find a signal, traders need smarter tools that can help them analyse market conditions and execute the best trading strategy for a particular order at any given time, while simultaneously meeting their regulatory obligations,” says Alfred Eskandar, CEO of Portware.