PORTWARE Partners with Markit to Deliver Point of Trade Analytics to the Buy Side
December 8, 2014 – PORTWARE, the leading and largest provider of multi-asset trade automation solutions for tier one global asset managers, today announced a partnership to deliver point of trade analytics to the buy side. The solution will integrate Markit TCA, Markit’s pre- and post-trade transaction cost analysis (TCA) platform, into Portware’s award-winning Execution Management System (EMS) to deliver next generation TCA seamlessly integrated with the trader’s workflow for best execution and enhanced decision support.
Portware Enterprise is a multi-asset thinking EMS that automates and bolsters the buy side’s most complex workflows. It brings measurable efficiencies and workflow automation to the trading desk by using artificial intelligence to give traders and portfolio managers the highest level of real-time color and TCA on their orders. PORTWARE has integrated Markit TCA into Portware Enterprise allowing clients to view trading analytics directly in their trade blotter. Portware and Markit will develop highly-optimized collaborative workflows that integrate point-of-trade analytics information for liquidity management and optimal trade execution. PORTWARE also has seamless integration with Markit’s post-trade TCA tool, which means that client execution data can be processed automatically for further analysis.
“The buy side’s growing need for cost and performance controls requires custom technology solutions as complexity in market structure increases. Portware’s open architecture and limitless integration potential with partners allows us to uniquely address these needs,” said Alfred Eskandar, CEO of PORTWARE. “Portware’s record client wins over the last year are a testament to the flexibility and strategic value this approach adds. The ability to have at-trade analytics is crucial as firms seek to minimize transaction costs and enhance performance of their executions and this gives them access to an independent global analysis platform.”
Markit TCA is a global equity and FX trading analysis platform for buy side and sell side firms. Designed by traders, Markit TCA delivers the metrics necessary to streamline performance-based order routing and optimal trade strategy selection. It combines comprehensive historical trading performance metrics with up-to-date forecasts and directional signals.
Tom Conigliaro, managing director at Markit, said: “The integration of Markit TCA with PORTWARE’s trading solutions will help institutional investors by providing them with greater insight for their trading decisions. Markit’s high quality pre- and post-trade analytics, combined with PORTWARE’s state of the art trading technology, helps customers manage trading costs and cumulative price impact, as well as overall execution quality.”
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.
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Markit is a leading global diversified provider of financial information services. We provide products that enhance transparency, reduce risk and improve operational efficiency. Our customers include banks, hedge funds, asset managers, central banks, regulators, auditors, fund administrators and insurance companies. Founded in 2003, we employ over 3,000 people in 10 countries. Markit shares are listed on Nasdaq under the symbol “MRKT.” For more information, please see www.markit.com.