Trading Technologies and Portware Integrate Portware EMS into TT's High-Speed Trading Platform
CHICAGO and NEW YORK, Nov. 8 / -- Trading Technologies International, Inc. (TT) and Portware LLC today announced they have joined forces to integrate Portware Professional with TT's professional trading platform. The integration creates a powerful, single-platform solution to facilitate high-speed direct market access (DMA), algorithmic trading and multi-asset trading with complete built-in risk controls.
Through the integration, Portware clients gain access to TT's market-leading, professional trading screens and high-speed exchange gateways, allowing them to receive market data and trade directly, in real-time, with the world's most dynamic electronic futures exchanges. Portware clients also will be provided pre-trade risk control as supplied by prime brokers via TT's FIX Adapter solution.
"In particular, our high-frequency hedge fund clients will be provided unprecedented DMA links to the electronic futures markets," said Eric Goldberg, CEO of Portware. "Our clients are demanding faster, more efficient access to all global markets, and they want it from a single platform. This partnership through the TT Partner Program is yet another way Portware is addressing this demand."
"With TT's common data model, Portware and TT customers now have the capability to execute orders on the same real-time prices that drive their pricing models," said Alvin Tanpoco, Director of the TT Partner Program. "This unique solution combines pre-trade risk and an architecture that is optimized for speed from front to back with the industry's fastest and most reliable exchange gateways. Together, TT and Portware enable traders to enter into the realm of cross-asset trading with confidence."
The TT Partner Program facilitates relationships with companies worldwide to integrate TT's technology into their products. The program provides partners with development support, certification testing, sales and marketing assistance and other resources to help them create and market their products. Such products might include Algorithmic Trading Platforms, Analytic Platforms, Order and Execution Management Systems, Risk Management Systems and Trading Front Ends.
About Portware
Portware is the financial industry's leading developer of broker-neutral, automated portfolio trading software for global equities, futures, options and FX. With offices in New York and London, 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 Professional, is a fully customizable execution management system for multi-asset, portfolio, basket, single stock, automated and algorithmic trading. Since its launch in 2002, Portware Professional has been implemented at more than 100 financial firms worldwide, including sell-side program trading desks, quantitative hedge funds and traditional asset management firms. Portware has been cited for "Best Order Management" in Euromoney's 2005 Financial Technology survey, and was a finalist in Financial News' "Best New Vendor" category in the publication's 2005 IT Survey. For more information, visit www.portware.com/ .
About Trading Technologies
Trading Technologies ( www.tradingtechnologies.com/ ) develops high-performance trading software for derivatives professionals, including the world's premier exchanges, money-center banks, proprietary traders, securities brokers, Futures Commission Merchants (FCMs), hedge funds and other trading institutions. The company's software and services provide direct access to the world's major derivatives exchanges. Headquartered in Chicago, Trading Technologies maintains a worldwide presence with offices in New York, London, Frankfurt, Sydney and Tokyo. In 2004, Trading Technologies was named the best technology company to work for in Chicago by Chicago magazine and ranked third among all Chicago area employers.
Source: Trading Technologies International, Inc.
CONTACT: Drew Mauck of Strategics for TT, +1-312-346-2005, dmauck@strategicsinc.com , or Jed Hamilton for Portware, +1-917-783-5209, jhamilton@portware.com
Web site: www.tradingtechnologies.com/
http://www.portware.com/
