Trading automaton pioneer adds 10 new Alpha Vision clients in Q4 and doubles FX customer base to close milestone year
Portware, the first and only global provider of multi-asset trade automation solutions powered by artificial intelligence, today announced results for 2012. During a year of key executive appointments, game-changing technology acquisitions, extensive enhancements to core EMS functionality and record operational revenue, Portware added 10 new asset managers and 11 broker dealers to its Alpha Vision service bureau. The company also doubled its FX customer base in 2012, realizing growth across multiple geographic regions including the U.S., Canada and Europe.
Alpha Vision is the first and only algorithmic optimization solution that uses predictive analytics to help traders ensure that they are in the right algorithm at the right time, all the time. The software communicates directly with traders in real time, giving them unprecedented levels of control and information on each order. For the first time, buy-side institutions can dramatically improve trading performance and increase workflow efficiencies while directing order flow to the sponsoring brokers of their choice, who receive full credit for all volumes and commissions. Alpha Vision is available to any firm as either a standalone service or as a fully integrated component of Portware Enterprise. As a broker-neutral service bureau, Alpha Vision helps buy-side firms optimize their commission budgets while preserving and enhancing existing broker relationships.
In its first full quarter of Alpha Vision operations, Portware on-boarded 10 new clients including top pension funds, asset managers and hedge funds; brought 11 participating brokers into the service bureau; and successfully integrated seven different OMS/EMS systems used by Alpha Vision clients. Over $1.4 billion was traded on Alpha Vision in the fourth quarter of 2012, with the platform generating over $2.4 million in cost savings to users.
Other key Portware milestones throughout 2012 include:
- Unprecedented growth for the Portware FX business: The company doubled its FX client base with key customer wins such as IPM Informed Portfolio Management, one of Europe’s Top 50 hedge funds, while also expanding relationships with existing clients.
- Full Alpha Vision integration with Portware Enterprise, providing clients with a comprehensive, highly customizable EMS powered by artificial intelligence. The combined solution offers unrivaled trade automation and decision support tools that address all of the buy side’s performance, efficiency and commission optimization needs.
- Widespread industry accolades across all sectors, with 2012 award wins that included the eFX Award for Best Trading Technology Vendor, the Buy-Side Technology Award for Best Buy-Side EMS, and the American Financial Technology Award for Best Cloud Initiative in conjunction with Portware client CBRE Clarion Securities
- Rapid acceptance of the company’s cloud deployment model: 100 percent of new clients and multiple existing customers have chosen Portware’s cloud model based on the efficiency and cost benefits of deploying via the cloud.
Alfred Eskandar, CEO of Portware, said: “During a challenging year for the market, Portware chose to invest in innovation to help redefine the EMS space. From the top industry talent we brought on board to the artificial intelligence we injected into the trader’s workflow, it’s incredibly rewarding to see these investments pay off. Our multiple industry honors coupled with our client wins are proof that our vision to re-imagine the legacy EMS model and focus on the customer experience is setting the benchmark for the next generation of trade automation.”