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.
Portware, a FactSet Company, has joined the Foreign Exchange Professionals Association (FXPA) as a supporting member.
Launched in 2014, the FXPA is designed to engage key regulators and policymakers to advance a sound, liquid, transparent, and competitive global currency market.
Portware is a global provider of multi-asset trade automation solutions powered by artificial intelligence. As a supporting member, Portware says it will help drive the global FX regulatory reform conversation, construct execution frameworks for FX, and collaborate with other thought leaders on key FX issues and market challenges, the company says in a statement.
Portware, a FactSet Trading Solution, has signed up to FX Global Code of Conduct.
This means that the firm has pledged to uphold the six leading principles of the code: ethics; governance; execution; information sharing; risk management and compliance; and confirmation and settlement processes.
“Portware expects its clients to benefit from the commitment to more robust and open practices across their foreign exchange (FX) operations, as well as the increased market liquidity a more trusted FX market is anticipated to generate,” says the firm in a release issued today.
“We firmly believe in standards of transparency, fairness, liquidity, and ethical practices in the FX market,” says Christopher Matsko, head of FX trading solutions, FactSet.