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.
FlexTrade has announced the release of FlexNow, a solution the firm describes as an out-of-the-box, broker neutral execution management system (EMS) to address the needs of hedge funds and mini-primes who require a streamlined, multi-asset trading system.
The firm says the new EMS is designed to handle trading for equities, futures and options and is MiFID II compliant. It provides connectivity to market data providers; integrates with any order management system (OMS) via FIX and API; and comes with its own built-in transaction cost analysis functionality.
360T has been selected by M&G Investments to provide streamlined workflow technology for order handling and execution, and, separately, has agreed a partnership with Crown Agents Bank (CAB), a global wholesale bank that specialises in emerging markets.
In a release issued today, 360T says that the key to the selection of its Execution Management System (EMS) workflow solution by M&G was its stated commitment to develop the service to meet the cost, regulatory and best execution requirements of M&G while “engaging in an ongoing virtuous cycle of functional and capability innovation”.
FlexTrade has launched a new back-testing framework designed to gauge and adjust the performance of past trading strategies for real-time use in trading equities, FX and futures.
“Just because a trading strategy worked successfully in the past, doesn’t mean it will show the same results in the present,” says Vijay Kedia, president and CEO. “There are countless variables – old and new – that could impact performance in unanticipated ways. That’s why using an advanced back-testing framework can make all the difference in running a winning strategy.”