request demo

(—)

BOARD OF DIRECTORS

Ary Khatchikian

Founder and Co-Chairman

Throughout his 20-year career in financial technology, Ary Khatchikian has been at the forefront of the electronic trading movement. In 1995, Ary founded Indigo Solutions, where he developed and marketed NeuronXT, an order management system (OMS) targeting small and mid-size investment firms. In January 2000, after founding Portware with Eric Goldberg, Ary transformed NeuronXT into Portware Enterprise, the leading multi-asset trade management system on the market today which has won numerous awards worldwide Ary has become a leading voice in the electronic and algorithmic trading community and serves as an advisor to several start-up and existing technology companies.


Eric Goldberg

Founder and Co-Chairman

Whether running a trading desk or launching a financial technology firm, Eric Goldberg has been an active participant on the front lines of electronic trading for over 25 years. Throughout his career, Eric has held a variety of senior level positions at buy-side and sell-side firms, running trading desks specializing in index, portfolio and derivatives trading. Eric also holds significant expertise in system development, architecture and functionality. In January 2000, Eric left trading to form Portware with Ary Khatchikian. Since its inception, Portware has established itself as the leading multi-asset trade management solution in the industry. Eric is an active angel investor in the financial technology sector.


ALFRED ESKANDAR

Chief Executive Officer, Portware

Alfred Eskandar is a proven business leader and technology entrepreneur who has dedicated almost 20 years to introducing new levels of innovation and customer value to the global capital markets community. As CEO of Portware, Eskandar has passionately worked to fundamentally change the trading technology landscape. Appointed CEO in 2012, Eskandar recognized the pervasive need for decision support tools that would help advance a collaborative environment between portfolio managers and traders. Months later he spearheaded the acquisition of the technology assets of Aritas group to create Portware Alpha Vision. In 2013, Eskandar was named to the prestigious Institutional Investor Trading Tech 40, the global ranking of the most prominent innovators and managers in the capital markets, selected based on their accomplishments and contributions at both the company and industry levels. Prior to Portware, Eskandar ran the US trading business for Liquidnet, where he was an executive team member and founding employee. Throughout his tenure he held multiple leadership roles including global head of strategy, directing all strategic initiatives, alliances and investments. He also led the acquisition of Miletus Trading, LLC, a leading quantitative and program trading broker-dealer, serving as president and chief executive officer during its integration.


Scott DePetris

President and Chief Operating Officer, Portware

Scott DePetris is a founding member of Portware, LLC and a proven serial entrepreneur. At Portware, DePetris drives the day-to-day business and works closely with the global client base to ensure Portware's expanding suite of solutions and services continuously meet clients' evolving requirements. Prior to Portware, DePetris was the co-founder and senior vice president of ExchangeLab, Inc, an intellectual property development company for financial services technologies. DePetris helped to incubate a number of successful FinTech start-ups and helped orchestrate the sale of ExchangeLab's primary asset, Financial Auction Network, to a consortium of investment banks, which was later launched under Nasdaq as Primex. Earlier in his career, he specialized in equity derivatives at The Goldman Sachs Group, and previously served on the board of directors at Dekania Acquisition Corporation (Amex: DEK.U). DePetris is a board member of the prestigious Young Presidents Organization (YPO) and is an active philanthropist, serving as Chairman of the board of directors at LSA Family Health Service.


Jim Brown

LONG RIDGE EQUITY PARTNERS

Jim co-founded Long Ridge in 2007 and serves as Managing Partner. Prior to founding Long Ridge, Jim was a Senior Partner at TH Lee Putnam Ventures, a $1.1B growth capital firm, where he led the firm’s financial services investment efforts. Prior to joining THLPV, Jim served as a Senior Vice President of GE Equity where he led investments in financial services, technology, consumer and media companies. Prior to joining GE Equity, Jim worked at Lehman Brothers as a Vice President and at Bain & Company as a Consultant.

Jim received a B.S. from New York University and an M.B.A. with Honors from the Wharton Business School of the University of Pennsylvania.


VIDEO
WHO WE ARE

We are a company of problem solvers. We are driven by taking on challenges and finding solutions others can't imagine. Every day, we wake up with one goal in mind: making the industry’s best automated trading systems even better.

Our clients are global investment managers, hedge funds and broker dealers, firms who understand the complexities of today’s markets and want a trusted partner that has been at the forefront of electronic trading for more than a decade.


Alfred Eskandar

Chief Executive Officer, Portware

Alfred Eskandar is a proven business leader and technology entrepreneur who has dedicated almost 20 years to introducing new levels of innovation and customer value to the global capital markets community. As CEO of Portware, Eskandar has passionately worked to fundamentally change the trading technology landscape. Appointed CEO in 2012, Eskandar recognized the pervasive need for decision support tools that would help advance a collaborative environment between portfolio managers and traders. Months later he spearheaded the acquisition of the technology assets of Aritas group to create Portware Alpha Vision. In 2013, Eskandar was named to the prestigious Institutional Investor Trading Tech 40, the global ranking of the most prominent innovators and managers in the capital markets, selected based on their accomplishments and contributions at both the company and industry levels. Prior to Portware, Eskandar ran the US trading business for Liquidnet, where he was an executive team member and founding employee. Throughout his tenure he held multiple leadership roles including global head of strategy, directing all strategic initiatives, alliances and investments. He also led the acquisition of Miletus Trading, LLC, a leading quantitative and program trading broker-dealer, serving as president and chief executive officer during its integration.


Scott DePetris

President and Chief Operating Officer, Portware

Scott DePetris is a founding member of Portware, LLC and a proven serial entrepreneur. At Portware, DePetris drives the day-to-day business and works closely with the global client base to ensure Portware's expanding suite of solutions and services continuously meet clients' evolving requirements. Prior to Portware, DePetris was the co-founder and senior vice president of ExchangeLab, Inc, an intellectual property development company for financial services technologies. DePetris helped to incubate a number of successful FinTech start-ups and helped orchestrate the sale of ExchangeLab's primary asset, Financial Auction Network, to a consortium of investment banks, which was later launched under Nasdaq as Primex. Earlier in his career, he specialized in equity derivatives at The Goldman Sachs Group, and previously served on the board of directors at Dekania Acquisition Corporation (Amex: DEK.U). DePetris is a board member of the prestigious Young Presidents Organization (YPO) and is an active philanthropist, serving as Chairman of the board of directors at LSA Family Health Service.


Sarath Chennareddy,Ph.D.

Global Head of Engineering, Portware

Sarath Chennareddy as Global Head of Engineering at Portware is responsible for all software design and development, quality assurance and delivery of products and solutions to clients. Sarath has more than 20 years of experience in design, development and implementation of a wide range of technology solutions for the investment industry. Sarath is an expert in building customizable trading systems that support the creation and execution of algorithmic trading strategies for global equities, derivatives and foreign exchange. Sarath started with Portware in 2000 and has been intimately involved in nearly all facets of the build-out of its products. Prior to joining Portware, Sarath was at IIT Bombay India, where he received his Ph.D. in engineering.


CAREERS

Sales Engineer - US

Position: Sales Engineer Number of openings: 1 Location: New York, NY Purpose: To play a leading role in the generation of new business sales across all of Portware’s products, by providing functional and technical expertise throughout the sales cycle. Also, to ensure suitability, from a functional and technical perspective, and

Java Developer

We are seeking bright, enthusiastic Java Software Developers who can think on their feet to work on our execution strategy platform. The candidate(s) will participate in all aspects of the development life cycle, from application design through unit testing/QA training. If you are motivated, independent and looking for a highly demanding

Software Engineer

Position: Software Engineer Number of openings: 2 Location: Hyderabad, India Purpose: To ensure on time and quality code delivery Key Responsibilities: •Development, Integration, Support and unit testing •Work with Portware’s New York-based development team in order to expand client-specific and core-system functionality, including algorithms, plug-in modules, and API and GUI

Build Release Engineer

Position: Build Release Engineer Number of openings: 1 Location: Hyderabad Purpose: The Release Engineer will maintain build and release infrastructure for multiple projects. This will include designing and implementing build processes and tools to support continuous integration and QA builds. In addition, the Release Engineer will bring in good software

DB Developer

Position: DB Developer Number of openings: 1 Location: Hyderabad Purpose: DB Developer Key Responsibilities: •Responsibility for the individual deliverables •Develop the application as per the technical design documents •Make quick decisions while troubleshooting issues that arise as project progresses Functional responsibilities: Core domain knowledge. Strong knowledge of core Oracle database

Team Lead DB (Developer)

Position: Java lead DB (Developer) Number of openings: 1 Location: Hyderabad Purpose: Lead Developer and manage India Database Team Key Responsibilities: Ownership and responsibility for all DB deliverables from the team in India. Responsibility to convert design solutions to appropriate technical documents. Work closely with QA and ensure test cases

BACK

Position: Sales Engineer - US

Number of openings: 1 Location: New York, NY

Purpose:

To play a leading role in the generation of new business sales across all of Portware’s products, by providing functional and technical expertise throughout the sales cycle. Also, to ensure suitability, from a functional and technical perspective, and profitability, from a commercial perspective, of all sales to new and existing customers.

Key Responsibilities:

  • Preparing and executing specific, tailored product demos for prospects, and preparing demo environments for Sales Managers
  • Determining and qualifying prospects’ functional and technical requirements, and matching those to Portware's products
  • Responding to RFIs and RFPs, and being the prospect's main functional/technical point of contact during the sale
  • Producing tailored written documents for prospects showcasing Portware's products (screenshot documents, functional summaries etc)
  • Writing the Statement of Work, detailing the prospect's trading business and requirements of the system
  • Obtaining cost estimates for the implementation, and anticipated revenues once in production, in order to establish financial forecasts
  • Chairing internal Acceptance and Approval meetings for new clients
  • Producing financial models to allow the business early visibility over the financial implications of adopting different pricing and cost models

What makes it interesting?

  • The opportunity to be a key player within a dynamic team selling the industry-leading EMS
  • Exposure to the inner workings of the trading desks of global tier 1 buy-sides
  • Working with a highly customizable product with great potential for creativity when designing demo solutions

Experience:

3 years working in a front office environment or with trading software, preferably in a demanding client-facing role such as Pre-Sales, Implementation or Account Management

Mandatory Skills:

  • Excellent presentational and communication skills, with the ability to deliver varied demonstrations under pressure to demanding audiences with the requisite salesmanship
  • The analytical ability and business knowledge to understand diverse trading and business models, and the ability to translate those into workflows to present in the system
  • Knowledge of the wider buy-side and sell-side trading environments, including the systems used, the trading styles employed, understanding of different asset classes, and competitive landscape of the business
  • The technical ability and creativity to configure the system according to the demo requirements with accuracy and attention to detail
  • Excellent written/documentation skills for client documents and Statements of Work, enabling accurate estimates and ease of knowledge transfer to rest of the business

Preferable Skills:

  • Knowledge of FIX protocol
  • Expertise working with Excel
  • Requisite financial/accounting understanding to be able to understand the revenue/cost implications of signing prospects and prepare financial forecasts and models

Good to have:

  • Experience coding in Java or similar languages

SUBMIT RESUME

BACK
BACK

Java Developer

We are seeking bright, enthusiastic Java Software Developers who can think on their feet to work on our execution strategy platform. The candidate(s) will participate in all aspects of the development life cycle, from application design through unit testing/QA training. If you are motivated, independent and looking for a highly demanding environment where you will be challenged by your work and recognized for your achievements, this is where you want to be.

Skills

  • Core Java
  • Swings
  • XML
  • Data Structures

Experience:

2-6 years

To Apply:

Please submit your resume via e-mail to careers@portware.com quoting the above job title.


SUBMIT RESUME

BACK
BACK

Position: Software Engineer

Number of openings: 2 Location: Hyderabad, India

Purpose:

To ensure on time and quality code delivery

Key Responsibilities:

  • Development, Integration, Support and unit testing
  • Work with Portware’s New York-based development team in order to expand client-specific and core-system functionality, including algorithms, plug-in modules, and API and GUI enhancements
  • Basic Trouble shooting and de-bugging
  • Technical contribution on all level of software design and development, resolves issues, performs appropriate level of research to determine solutions.

Functional responsibilities:

  • Troubleshooting, developing designs
  • Participate in brainstorming sessions for new ideas
  • Participate in code reviews
  • Train/Mentor the junior resources

What makes it interesting?

  • Just the right kind of work for a core Java fan!
  • Freedom to explore the applicability of a new technology
  • Working on the ‘Base’ of the company
  • It’s also about becoming a ‘Guru’ of GUI

Education/Qualifications:

B.E/B.Tech/M.S/M.Tech/M.E/MCA

Certification required:

  • Prefer OCJP

Experience:

2-4 years core Java exp

Mandatory Skills:

  • Minimum 1 years experience with Core Java.
  • Firm understanding of Java 1.5/1.6/1.7 core APIs, including collections, multi-threading, JavaBeans, JDBC and XML technologies.
  • Proven hands-on design and implementation experience in high-volume, high-performance real-time systems.
  • Solid object-oriented design skills, Knowledge of Oracle database

Preferable Skills:

  • Knowledge of Swing is a major plus
  • Knowledge of Servlets, JSP, JMS
  • Experience in financial services a plus, but other relevant industries will be considered based on project depth.
  • Knowledge of FIX protocol

Good to have:

  • Strong communication skills, Self- Starter, Ability to work under minimum supervision, Customer Orientation, Creativity

SUBMIT RESUME

BACK
BACK

Position: Build Release Engineer

Number of openings: 1 Location: Hyderabad

Purpose:

The Release Engineer will maintain build and release infrastructure for multiple projects. This will include designing and implementing build processes and tools to support continuous integration and QA builds. In addition, the Release Engineer will bring in good software engineering practices.

Key Responsibilities:

  • Build automation environment: Use and build tools to maintain our automated build processes
  • Automated continuous build and build verification systems
  • Multiple targets, platforms, architectures, cross-compilation
  • Release Management
  • Working in Agile methodologies
  • Primary owner of build and release tools and processes.Work with multiple project teams.
  • Help define best practices for source control, continuous integration and release management. Build tools for internal use to support software engineering best practices. Branch management including sync and merge activities. Software posting activities for customer download.

Functional responsibilities:

  • Core domain knowledge. Strong knowledge of core Oracle database development and design, advanced PL/SQL, Shell scripting, ETL and Data Warehousing experience. Strong Knowledge of Security Master and Portware databases. Comfortable with APEX, CLOBE, SQL Loader

What makes it interesting?

  • Own, manage, explore and improve existing Build/Release System
  • Work Cross Functionally with multiple Product Lines and Teams

Education/Qualifications:

B.Tech/M.Tech/M.C.A Tier 1 College

Experience:

3-5 years hands on build system tools

Mandatory Skills:

  • Hands-on experience on any or some of the following build system tools:
  • Jenkins/Hudson, Team City, Atlassian Bamboo
  • Apache — Maven / Ant / Continuum / Gump Automated Build Studio, BuildBot, MS Team Foundation Server, Rational Team Concert, Thoughtworks Go, Vsoft – Final Builder, InstallAnywhere
  • Knowledge on Version Control Tool (like VSS,CVS,SVN,etc)
  • Knowledge of Core Java.
  • Knowledge of ANT, JAVA (Swing).
  • Knowledge of File System (windows and Linux).
  • Good Knowledge of Scripting (any of the popular scripting languages like shell,perl and preferably python) would do.
  • Knowledge of Linux or Solaris OS environment.
  • Behavioral Competencies: Self- Starter, Ability to work under minimum supervision, Customer Orientation, Creativity, Change orientation and Future focus

Good to have:

  • Experience in Hudson/Jenkins, ANT, Java Development environment
  • Development/Scripting exposure in any one programming language

People Management:

  • Mentor and train new joinees in the team

SUBMIT RESUME

BACK
BACK

Position: DB Developer

Number of openings: 1 Location: Hyderabad

Purpose:

DB Developer

Key Responsibilities:

  • Responsibility for the individual deliverables
  • Develop the application as per the technical design documents
  • Make quick decisions while troubleshooting issues that arise as project progresses

Functional responsibilities:

  • Core domain knowledge.
  • Strong knowledge of core Oracle database development and design
  • Advanced PL/SQL
  • Shell scripting
  • ETL and Data Warehousing experience.
  • Strong Knowledge of Security Master and Portware databases.
  • Comfortable with APEX
  • CLOBE
  • SQL Loader

What makes it interesting?

  • Working in the one of the most interesting financial domains, Automated trading platform
  • Ability to add value to development instead of just following the instructions
  • Direct input to improve the Portware product and company.

Education/Qualifications:

B.Tech/M.Tech/M.C.A Tier 1 College

Experience:

2-4 years core Oracle Database development

Mandatory Skills:

  • Advanced PL/SQL and Database design
  • Exposure to Apex

SUBMIT RESUME

BACK
BACK

Position: Team Lead DB (Developer)

Number of openings: 1 Location: Hyderabad

Purpose:

Lead Developer and manage India Database Team

Key Responsibilities:

  • Ownership and responsibility for all DB deliverables from the team in India.
  • Responsibility to convert design solutions to appropriate technical documents.
  • Work closely with QA and ensure test cases are being created and followed.
  • Make quick decisions while troubleshooting issues that arise as project progresses.
  • Understand individual capabilities in the team and distribute work accordingly to meet deadlines.
  • Lead Database development/design and team.

Functional responsibilities:

  • Core domain knowledge.
  • Strong knowledge of core Oracle database development and design.
  • Advanced PL/SQL
  • Shell scripting
  • ETL and Data Warehousing experience.
  • Strong Knowledge of Security Master and Portware databases.
  • Comfortable with APEX
  • CLOBE
  • SQL Loader

What makes it interesting?

  • Motivating and nurturing team members to take responsibility and provide advanced solutions to technical challenges.
  • Direct input to improve the Portware product and company.

Education/Qualifications:

B.Tech/M.Tech/M.C.A Tier 1 College

Experience:

  • 8-9 years core Oracle Database development
  • At least 2 Years Team Leadership experience

Mandatory Skills:

  • Advanced PL/SQL and Database design
  • Exposure to Apex

Preferable Skills:

  • Knowledge of Swing is a major plus
  • Knowledge of Servlets, JSP, JMS
  • Experience in financial services a plus, but other relevant industries will be considered based on project depth.
  • Knowledge of FIX protocol

Good to have-Knowledge of:

  • APEX
  • CLOBE
  • SQL Loader

SUBMIT RESUME

BACK
CONTACT US

NEW YORK
LONDON
INDIA
HONG KONG
Location Details

233 Broadway, 24th Floor
New York, NY 10279, USA

Phone: +1.212.425.5233
Fax: +1.212.571.4634

11 Ironmonger Lane
London EC2V 8EY

Phone: +44 (0) 203.002.6434
Fax: +44 (0) 207.198.9561

Portware India Pvt Ltd
404, Building #14
Mindspace, Hitech City
Hyderabad, Telangana 500081
India
Phone: +91.40307.00000

2808, 28/F The Center
99 Queen's Road Central
Hong Kong

Phone: +852.3693.1333 Fax: +852.3010.3824

Contact our Global Sales team
Welcome to portware

Embrace the endless complexity of the trading universe and you're free to achieve what was unthinkable only moments ago. Those are words we keep in mind when designing every solution. Like Portware Enterprise, the first and only ultra-fast, totally open, thinking Execution Management System (EMS) for Equities, FX, Futures, Options and Fixed Income.

Its dynamic, not static―tapping into past, present and future market events. Automates the selection of optimal strategies in real-time. Learns to think like you. Lets you trade the graphs. And transforms complicated processes into beautiful workflows. Very simply, it's engineered for your most complex trading challenges.

Trade at the intersection of human and artificial intelligence.

Millions of dollars at risk. Numerous orders on the blotter. Countless market events. Hundreds of strategies to choose from. One decision. How will it work out? It can boggle the mind, so we built Alpha Vision. It's the only predictive analytic tool that selects the best algo for current market conditions and applies it to your trade in real-time. It's not a magic black box; it's transparent artificial intelligence. You know what goes in, what happens inside and what comes out. It's decision support that learns from you. It frees you to make better, faster decisions and improves performance. And you can use Alpha Vision on its' own for commission and performance optimization or run it seamlessly in the award winning EMS―Portware Enterprise.

Break through the boundaries of FX.

That's how we approached the design of the award winning Portware FX. It gives you a real-time view of the entire FX marketplace. A fully customizable front end trading environment. Next generation algorithmic strategies and powerful analytics with the freedom to access third party algos. It's the solution that aggregates liquidity from all global providers, including banks, ECNs and interdealer platforms. And like everything we create, it's based on proven innovation and designed to streamline your workflows.

The fastEST solutions to complex problems.

Industry-leading technology and innovation should always be within reach. Portware Strategy Server is an event-based algorithmic engine designed for high-volume, low latency automated order management and trade execution. And unlike other engines, it combines hyper-fast complex event processing with complete trading-specific functionality.

  • Body:

    RESEARCH

    We present a framework for optimal execution in presence of stochastic volatility. The theoretical model utilizes the fair pricing theory of market impact and the Heston model for volatility.

    We use computer optimization to solve common trading problems, including optimal execution schedules on high volatility near the open or on the arrival of signals with short-term alpha decay.


    Two data sources give the buyside desk a natural advantage over their non-institutional counterparties. First, their algorithmic execution data reveals predictability in order flow; this information can be monetized through predictive algorithm control. Second, it is possible to determine optimal execution schedules given a historical dataset of trade origination events, a technique we have called “alpha profiling.”


  • Body:
    ENTERPRISE
    Body:

    Portware Enterprise is a fully customizable execution management system designed to act as a central platform for the creation and execution of algorithmic trading strategies for global equities, futures, options and FX. Portware is not affiliated with any broker, giving our clients unconflicted access to the widest range of liquidity providers, broker algorithmic suites and trading destinations worldwide.

    Portware Enterprise is currently used by more than 100 firms worldwide, including many of the world’s largest and most sophisticated trading firms. On the buy side, Portware is used by leading institutional investment firms, alternative asset managers and quantitative hedge funds. On the sell-side, Portware is used by program, principal and agency traders to automate all aspects of their client order flow.


    FEATURES
    Portware Enterprise’s open API allows for seamless integration with any third party or proprietary trade workflow applications, including OMS’s, tick databases, risk and analytics applications, trade reporting systems and TCA services.
    Portware can be deployed, monitored and modified from a single, central location. Users can deploy custom rules, libraries and user interfaces, as well as monitor system health and statistics of Portware installations across the enterprise.
    Clients can install Portware Enterprise onsite, or leverage Portware’s global cloud solution for streamlined deployment and ease of access to all global liquidity providers. Unlike legacy ASP trading systems, Portware’s cloud-based Enterprise offering delivers the same levels of performance, integration and customization as locally installed Enterprise solutions.
    Portware offers pre-certified adapters for all commercial market data providers, including Reuters, Bloomberg, Activ, IDC, Wombat, etc. The system can also integrate with any custom or proprietary feed.
    Portware supports both single and multi-user configurations for basket, order and position sharing.
    STRATEGY SERVER
    Body:

    Portware Strategy Server is a powerful algorithmic engine designed specifically for high volume, high-frequency automated order management. Strategy Server allows users to create complex trading strategies and algorithms in a dedicated, highly secure trading environment. It can be used independently as a stand-alone, black box trading solution, or in tandem with Portware Enterprise to address specific algorithmic development and trading requirements. In either case, Strategy Server can process a massive number of orders and their associated message traffic, routing orders to any global market destination via integrated, pre-certified FIX connections.


    FEATURES
    There are numerous event processing engines on the market today that promise real-time data analysis in one form or another. Yet while the results of various messages-per-second “bake-off” analyses make for interesting academic discussion, none of these engines offer the full trading solution that Strategy Server delivers. Indeed, beyond basic event processing, these engines offer little else. Portware Strategy Server, on the other hand, combines hyper-fast CEP with the complete set of trading-specific functionality.
    Portware Strategy Server provides out of the box, pre-certified connections to over 500 global market destinations, including brokers, algorithmic strategies, ATS’s, exchanges, and ECNs. Whether you trade Equities, Foreign Exchange, Futures or Options, Strategy Server provides a comprehensive, fully integrated solution for all your routing needs.
    Strategy Server’s flexible, open architecture allows a firm to easily deploy, run and back test custom algorithmic strategies. Users can take advantage of Strategy Server’s API to implement advanced, proprietary algorithms for multiple assets, either independently or as part of complex multi-asset trading strategies. And because Strategy Server operates as a separate trading environment, users can update algorithms in Strategy Server on the fly without compromising the stability of their overall trading system. When used in conjunction with client workstations such as those deployed as part of a Portware Enterprise installation, users can route orders from their desktops directly to proprietary and third-party algorithms deployed in Strategy Server.
    Unlike other basic CEPs, Portware Strategy Server offers full state and position management. Why is this important? Portware maintains a complete view of the lifecycle of a particular trade. Is it a single ticket entry? Is it a “child order,” a small part of a larger order that might itself be part of a larger basket level strategy? Has the order been accepted? If so, is it subject to cancel/replace? Was there already a partial fill that would affect one’s position? How is such a situation handled? All of these issues can affect how an order should be handled. Furthermore, the messaging logic that brokers and other market centers use to convey this execution information is far from consistent. As such, users of basic CEPs would have to spend a tremendous amount of time and energy ensuring that their system can handle and normalize these various messaging protocols. With Portware, however, state and position management is an integrated component of Strategy Server.
    Strategy Server can be easily integrated with any market data feed. Unlike the raft of processing engines on the market, Portware Strategy Server comes equipped with pre-built, robust market data handlers. In addition, the product supports full load balancing of multiple feeds as well as development, customization and normalization of propriety feeds which can be combined with 3rd-party feeds and segmented per asset-class or any other parameter. Strategy Server users can also employ Portware’s back-testing suite, which can play back years of historical market data, facilitating an algorithmic development process in which users can move efficiently from testing to production. Additionally, a customizable simulator allows clients to develop their own proprietary test cases.
    PORTWARE FX
    Body:

    Portware FX provides traders with a real-time view of the entire FX marketplace through a single, fully customizable front end trading environment. This is coupled with next generation algorithmic strategies, powerful analytics and end-to-end workflow integration, providing users with a compelling and complete FX trading solution.

    Portware FX aggregates liquidity from all dealer banks and ECNs and presents it in a single depth-of-book for both point-and-click and algorithmic execution. Portware’s disclosed pricing model enables clients to leverage their credit and relationships for optimal pricing and size when trading with brokers, while our comprehensive ECN aggregation provides clients with streamlined access to all alternative trading venues. With support for streaming executions, RFQ’s, integrated broker algorithms and an embedded suite of Portware strategies that can be customized to address users’ specific trading objectives, Portware FX gives clients unparalleled control over their order flow.

    Portware FX has been deployed by leading hedge funds, CTA’s, traditional asset managers, pension funds and brokers dealers globally. All Portware FX clients benefit from the system’s flexible user interface, open architecture and ease of integration into existing trade workflows.


    FEATURES
    Portware FX offers traders an embedded suite of customizable execution strategies that can help firms increase trading efficiencies, automate workflows and improve execution quality, all while maintaining relationships with their global liquidity providers. In addition, Portware provides integrated access to a wide range of algorithmic strategies from third party providers, including all leading FX dealer banks. Firms wishing to run their own trading strategies can easily develop, back test and deploy proprietary algorithms directly in Portware FX, or use Strategy Server in conjunction with our liquidity aggregation engine for ultra-low latency algorithmic order execution.
    TCA
    All Portware FX clients have access to FX Liquidity Monitor (FXLM), Portware’s TCA and post-trade reporting toolset that gives traders greater visibility into their trading performance. Users can benchmark their performance against an array of data points and compare execution quality and pricing across all liquidity providers, either in real-time or via comprehensive month end reporting.
    Portware FX supports spot, forwards, swaps, and NDF’s. Clients can execute versus streaming prices, leverage request for quote (RFQ) and request for stream (RFS) order types, use one of Portware’s embedded algorithmic strategies, or engage an algorithm from one of our broker partners.
    Portware FX integrates seamlessly with all order management systems (OMS’s), as well as all downstream trade reporting and reconciliation systems such as Traiana and Logiscope. The system supports all internal compliance rules and restricted broker lists, bringing at-trade risk management to the front office.
    Clients can deploy Portware on site or leverage Portware’s global cloud solution for reduced operational overhead, streamlined deployment and ease of access to all liquidity providers.
    ALPHA VISION
    Body:

    In today’s competitive global trading environment, asset managers need to maximize execution performance and increase trading efficiencies, all while maintaining relationships with brokers and optimizing commission budgets.

    Alpha Vision is the first – and only – algorithmic optimization solution that uses predictive analytics to automatically select and implement the optimal execution strategy. By dynamically switching between algorithms and adjusting to changing market conditions in real time, Alpha Vision maximizes alpha capture while minimizing impact costs, adverse selection, information leakage and the impact of high frequency trading.


    FEATURES
    Alpha Vision’s patented predictive analytics and algorithmic optimization technology acts as a dynamic feedback loop for traders. The system automates the entire process of analyzing orders, monitoring market conditions, selecting the appropriate algorithmic strategy and implementing the optimal execution schedule – all in real time. The result is consistent improvements in execution quality across all order types. And by dynamically switching between algorithms, Alpha Vision virtually eliminates information leakage about large orders, protecting firms from the impact of high frequency trading (HFT).
    As the leading provider of broker neutral trade automation solutions, Portware works with all industry participants to create solutions that enable and transform the way institutions analyze, communicate and execute investment ideas. Portware is making Alpha Vision available to all firms in partnership with the entire brokerage community. This innovative sponsored execution model will allow institutions to achieve superior execution performance while directing flow to any of their broker partners. Brokers will receive full credit for volumes and commissions, preserving and enhancing client relationships.
    Alpha Vision automates the entire trade lifecycle, allowing you to scale your trading operations and reduce workflow inefficiencies. Your brokers, your workflow. Automated.
  • Body:

    PORTWARE NEWS

    Body:

    Portware, the first and only global provider of multi-asset trade automation solutions powered by artificial intelligence, today announced the completion of private equity financing led by Long Ridge Equity Partners and the Portware Executive team. The minority recapitalization maintains Portware’s independence and recognizes the company’s proven record of innovation and success in delivering award-winning multi-asset trading solutions. The new financing will be used to retire all outstanding debt and provide additional resources for growth initiatives. This transaction follows a period of dramatic growth for the company, as Portware Enterprise has recently been selected by global institutions representing more than $3 trillion in assets under management as the centralized hub for execution management across global equities, FX, futures, options and fixed income.

    Founded in 2000, Portware is a leading provider of execution management systems (EMS) to global financial institutions. The company is the only EMS provider to combine artificial intelligence, visualization, algo and commission optimization tools for real-time decision support. Portware Enterprise is an ultra-fast, open, thinking EMS that automates and bolsters the buy side’s most complex workflows.

    “We have made significant investments in our products, people and infrastructure to ensure continued success, and this transaction will further strengthen our firm as we continue to expand globally,” said Alfred Eskandar, CEO of Portware.

    “Our success is rooted in our approach of collaborating with our clients to identify their unique processes, pain points and workflows and engineer the right solutions to turn their challenges into opportunities. This type of focused commitment to our clients has allowed Portware to flourish and continuously post record results over the last several years while the industry contracted,” added Scott DePetris, President and COO of Portware.

    “Portware’s results-oriented management team has built an impressive track record and is respected for their unconventional thinking that drives product innovation and measurable client value,” said Jim Brown, Managing Partner of Long Ridge Equity Partners. “Their strong industry pedigree combined with the firm’s impressive global growth gives us confidence that Portware will continue to deliver the most innovative and robust trade automation solutions to the institutional trading community.”

    As part of the transaction, Jim Brown will join the Portware Board of Directors. Portware will remain an independent company with majority ownership remaining with founders and the management team.

    Broadhaven acted as exclusive advisor to Portware, and Morgan Lewis served as the company’s legal counsel for the transaction.

    ###

    About Portware:

    Founded in 2000, Portware LLC is the financial industry’s leading developer of broker-neutral trading solutions for global equities, futures, options and FX. With offices in New York, London, Hong Kong and Hyderabad, Portware works in partnership with its clients to create highly integrated solutions to streamline workflows and increase operational efficiencies on trading desks worldwide. Portware’s flagship product, Portware Enterprise, is a fully customizable trade management and execution system for single stock, portfolio, basket, automated and algorithmic trading. For more information, please visit www.portware.com.

    About Long Ridge Equity Partners:

    Founded in 2007, Long Ridge Equity Partners is a private investment firm focused on the financial services industry. Leveraging deep sector knowledge and an extensive network of industry resources, Long Ridge serves as a value-added partner to high-growth financial services businesses. Long Ridge places a strong emphasis on partnership with management, focusing heavily on aligned incentives through equity participation. Long Ridge actively seeks growth capital and special situations investments in a range of financial sub-sectors including financial technology, business services, and specialty finance. For more information, please visit www.longridgecap.com.

    Body:
    Publications: Traders Magazine.
    Publications: Securities Technology Monitor.
    Publications: Wall Street & Technology.
    Publications: Wall Street & Technology.
    Publications: Traders Magazine.
    Publications: Traders Magazine.
    Publications: Markets Media.
    Publications: Markets Media.
    Publications: Markets Media.
    Publications: Markets Media.