Portware - Articles and news items
News, Trading news / 7 November 2012 / Portware
Portware, the leading provider of global, multi-asset trading solutions, today announced that Stockholm-based investment manager IPM Informed Portfolio Management (IPM) has deployed Portware’s award-winning FX trading platform, Portware FX. The custom implementation enables IPM to automate its FX trade workflows, creating a front-to-back solution that addresses the firm’s complex trading and system integration requirements. (more…)
November 2012 / 5 November 2012 / Frances Faulds, Columnist, FX-MM
The FX industry is examining ways to reduce latency from all aspects of FX trading and execution using a variety of means from building bubbles and clouds, to managed services and co-location. Frances Faulds talks to players across the industry about the challenges ahead.
There is little doubt that with the rise of high frequency trading and the greater use of automated and algorithmic strategies in foreign exchange comes the need to up the ante in terms of speed – not just in getting orders out to trading venues, but also getting pricing, market data and confirmations back into the systems used. The speed of prices in a highly volatile and unpredictable market is critical, more so with the recent rise in high frequency trading in FX. But while the fragmented FX market makes co-location more of a challenge some say that the growing use of cloud technology will help overcome these challenges, while others say it may add to them.
Thomas Soede, Global Head of e-Commerce at BNP Paribas, says that latency has become a significant issue in the FX market due to the increase in the number of high frequency hedge funds which have entered the FX market. (more…)
November 2012 / 5 November 2012 / Simon Watkins, Columnist, FX-MM
It is estimated that the High-Frequency Trading (HFT) style now accounts for up to 30 percent of turnover in the global spot FX market, and this figure is expected to rise further in the coming years, and to spread out to the less mainstream currencies. However, says FX-MM’s Simon Watkins, for many participants in the global FX markets, including many top banks, this prospect is not a cause for celebration, but rather provokes a swathe of criticism that the trading style is damaging to the market in terms of volatility, volumes, and pricing. Key questions remain: is HFT a positive or a negative development in FX trading, and where will it head from here?
HFT is algo trading executed at lightning speed
It is important up front to distinguish between HFT and algorithmic trading, one being about execution and latency, and the other being about the underlying metrics, says David Clark, chairman of the Wholesale Markets Brokers’ Association, in London. HFT is conducted over electronic platforms certainly, but so are many other trades, the difference is that HFT occurs at amazingly high-speeds over many platforms simultaneously. (more…)
News, Trading news / 27 June 2012 / Portware
Portware, the leading provider of global, multi-asset trading solutions, today announced significant enhancements to its FX trading platform. Clients can now take advantage of Portware’s cloud-based FX trading solution for fast deployment and streamlined connectivity to all global liquidity providers, including banks, ECNs and interdealer trading platforms. Portware has also enhanced its FX transaction cost analysis (TCA) service, adding additional reporting and analytics options that give traders greater insight into their execution performance. Portware’s FX business continues to expand rapidly, driven by global asset managers and pension funds seeking improved FX execution quality and advanced toolsets to manage institutional order flow. (more…)
February 2012 / 3 February 2012 / Frances Maguire, Columnist, FX-MM
The explosion of FX trading has made execution performance and low latency critical and with predictions that algorithms will account for more than 25 per cent of FX trade volume by the end of 2014, Frances Maguire talks to the providers of next generation trading technology to see what’s in store.
Until now much of the focus of FX trading technology has been on trying to overcome the fragmented nature of the market by aggregating price streams and creating dashboards that give the trader a single view of the market, even to the extent of creating a virtual FX ‘exchange’ from what is an over the counter (OTC) market. Now the focus is on latency, and while it is accepted that it can never be lowered to the levels found in the equities market, improvements are being made, and also similar to the equities market, the possibility of being able to show best execution in the FX market is being mooted.
Scott DePetris, Chief Operating Officer of Portware, says that while the focus is still very much on providing access to liquidity pools, aggregation technology for market data and analytics reporting, Portware is also providing a lot more information to make trading decisions than traders have ever had before in the FX market. (more…)
February 2011 / 4 February 2011 / Portware
In today’s market, it is no secret that asset managers are focusing on FX execution quality to a greater extent than ever before. Buy-side firms who traditionally relied on custodians to manage their FX risk – and suffered egregious markups as a result – are becoming increasingly frustrated with the status quo, as evidenced by CalPERS high profile lawsuit versus State Street in late 2009. Yet it is not just antiquated custody agreements that are driving the buy-side to revaluate their trading processes. Even institutions who manage their own FX risk realise that their legacy toolsets may not be adequate in today’s complex marketplace. As a result, traditional asset managers have emerged as some of the leading adopters of advanced FX trading technology. (more…)
Technology news / 14 July 2010 /
Portware, the leading provider of highly integrated, multi-asset algorithmic trading solutions, has announced the release of Portware FX 5.0, its next generation, groundbreaking FX trading platform. Deployed at leading hedge funds, buy-side institutions and broker dealers worldwide, Portware FX provides a streamlined interface to bank and ECN liquidity, an advanced front-end trading platform, and a customizable framework for development of rules-based and algorithmic trading strategies. (more…)