PORTWARE COLLABORATES WITH THOMAS WEISEL PARTNERS ON FIXATDL INTEGRATION

Comprehensive FIXatdl Support Reduces Time to Market for New and Enhanced Broker Strategies

New York - March 23, 2010 Portware, the leading provider of global, multi-asset electronic trading systems, today announced that it has partnered with Thomas Weisel Partners to integrate their suite of algorithmic strategies into Portware Enterprise using the FIX Algorithmic Trading Definition Language (FIXatdl). Built on the FIX protocol, FIXatdl allows the sell side to easily specify how their algorithms should be rendered and validated on third-party trading systems. Portware has worked closely with brokers such as Thomas Weisel Partners to streamline the deployment of new and updated algorithms using FIXatdl.

"Thomas Weisel Partners has developed a comprehensive suite of algorithms that help our clients reduce market impact and improve trading performance", said Steve Blatney, Managing Director and Head of Electronic Trading at Thomas Weisel Partners. "As an early supporter of the FIXatdl protocol, Portware can rapidly integrate these algorithms into their Enterprise trading platform, reducing implementation times and helping traders quickly take advantage of our most advanced algorithmic offerings."

Scott DePetris, Chief Operating Officer, Portware, comments: "In today's complex market, buy-side traders want the widest possible choice when it comes to global trading destinations and execution strategies. Portware remains committed to adopting new technologies and standards, such as FIXatdl, that deliver these strategies to our clients as quickly as possible."

Media Contacts:

Laura Anderson
Articulate Communications Inc.
landerson@articulatepr.com
212.255.0080, ext. 11

About Portware

Founded in 2000, Portware LLC is the financial industry's leading developer of broker-neutral, automated trading software 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 workflow and increase operational efficiencies on trading desks worldwide. Portware's flagship product, Portware Enterprise, is a fully customizable, FIX-compliant trade management and execution system for single asset, portfolio, basket, automated and algorithmic trading. Portware Enterprise has been implemented at more than 100 financial firms worldwide, including sell-side program trading desks, quantitative hedge funds and investment management firms.

For more information, please visit www. portware.com.

About Thomas Weisel Partners Group, Inc.

Thomas Weisel Partners Group, Inc. is an investment bank, founded in 1998, focused principally on the growth sectors of the economy. Thomas Weisel Partners generates revenues from three principal sources: investment banking, brokerage and asset management. The investment banking group is comprised of two disciplines: corporate finance and strategic advisory. The brokerage group provides equity and non-equity securities sales and trading services to institutional investors, and offers brokerage, advisory and cash management services to high-net-worth individuals and corporate clients. The asset management group consists of private equity, public equity and distribution management. Thomas Weisel Partners is headquartered in San Francisco with additional offices in Baltimore, Boston, Calgary, Chicago, Dallas, Denver, New York, Portland, Tornto, London and Zurich. For more information, please visit www.tweisel.com.

 

 

 
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