Portware Selects Thomson Reuters for Its Enterprise Cloud-Based Solution
Streamlined Delivery Leverages Elektron’s Global Infrastructure with Integrated Data and Analytics
New York – Portware, a leading provider of global, multi-asset trading systems, and Thomson Reuters today announced that Portware has selected Elektron to support its new cloud-based deployment model. Portware’s latest offering combines the company’s powerful trading technology, Elektron’s resilient and highly secure global infrastructure, and integrated access to Thomson Reuters data, security classification and analytics.
The proliferation of automated trading strategies has driven requirements for order and execution management systems capable of delivering global cross-asset algorithmic trading capabilities. By joining the Elektron community, Portware is providing its buy-side, hedge fund and sell-side client’s access to a robust hosted trading solution that offers reduced operational overhead, faster time to market, turnkey access to global liquidity, and the security and speed of Elektron’s global hosting environment.
Ary Khatchikian, President and Chief Technology Officer, Portware comments: “Market participants today do not want to sacrifice performance for the convenience of fully managed trading solutions. By deploying Portware’s enterprise-class trading suite in Elektron, we are giving clients the best of both worlds: the performance, flexibility and scalability of Portware’s technology combined with the speed, convenience and reliability of Elektron’s global market infrastructure. ”
Jon Robson, President, Enterprise, Thomson Reuters said: “The dynamic nature of today’s financial markets means participants must have easy access to cutting-edge trading applications delivered over high-performance infrastructure to remain competitive and drive innovation. Elektron is designed to empower customers with unrivaled access to integrated solutions that offer leading performance while also reducing our customers’ total cost of ownership. The combination of Portware’s market leading trading technology with Elektron will allow us to deliver a new class of trading solution to the market.”
Portware has been at the forefront of electronic trading technology for over a decade, creating an advanced suite of products – including Portware Enterprise, Portware FX and Strategy Server – that have been deployed by leading hedge funds, asset manages and sell-side firms worldwide. Thomson Reuters Elektron is the only cross-asset trading and data infrastructure to offer global low-latency market access, content and distribution with a fully integrated set of cutting edge, best in class trading applications, delivered as a managed service, across co-location and proximity hosting sites in the world’s key financial centers.
Founded in 2000, Portware is the financial industry’s leading developer of broker-neutral, automated trading solutions for global equities, futures, options and FX. With offices in New York, London and Hong Kong, 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 execution management system for single stock, portfolio, index and algorithmic trading. Portware Enterprise has been implemented at more than 130 financial firms worldwide, including tier one asset managers, hedge funds and sell-side program trading desks. For more information, please visit www.portware.com.
Thomson Reuters is the world’s leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial, legal, tax and accounting, healthcare and science and media markets, powered by the world’s most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs more than 55,000 people and operates in over 100 countries. For more information, go to www.thomsonreuters.com.
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