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.
Flextrade has rolled out an enhanced version of its multi-Order Management Systems aggregation functionality, an in-built feature of the FlexTrader EMS, which allows users to merge and net orders across multiple OMS regardless of the underlying version or implementation.
Along with the ability to dynamically merge orders within and across OMS, FlexTrader provides configurable allocation logic with several out-of-the-box rules, including LIFO, FIFO, pro-rata and optimal average pricing. It can also be configured per-market and per asset class, based on any order attribute in the system, the firm says.