Portware, a trading software provider, has completed its acquisition of the technology and analytics assets of Aritas Group, including 17 patents covering Aritas predictive analytics and algorithmic optimization technology.
The company now offers Portware Alpha Vision, a rebranding of Aritas Alpha Pro and Algorithmic Switching Engine, a software that provides buy-side institutions end-to-end workflow automation and commission optimization tools.
Portware says it is the first and only algorithmic optimization solution that uses predictive analytics to automatically select and implement the optimal execution strategy, adding that it switches dynamically between algorithms and adjusts to market conditions in real time to maximize alpha capture while minimizing impact costs, adverse selection and the impact of high-frequency trading strategies. It also allows users to direct order flow to specific brokers.
This type of artificial intelligence provides an unprecedented level of automation that will help any user improve trading efficiencies, enhance execution quality and optimize commissions, says Alfred Eskandar, CEO of Portware. With Alpha Vision, Portware has taken automated trading to a new level, helping transform the way the industry analyzes, communicates and executes investment ideas.
The response weve received since we announced this new model has been overwhelming. Four top-tier global investment banks and several regional brokers are participating, and multiple clients are already live on the system, including leading pension funds, asset managers and hedge funds, Eskandar says.
Portware began the acquisition of Aritas technology division in May.
(OS)