Portware, an independent provider of global, multi-asset trading solutions, has integrated, global investment bank, Lehman Brothers latest dark liquidity seeking algorithms and pre-trade Transaction Cost Analysis (TCA) into the Portware trading platform.
The integration has extended the banks capabilities to provide access to innovative liquidity-seeking algorithms and offer comprehensive best execution tools to buy-side clients on the Portware execution platform.
Portware has integrated Lehman Brothers dark liquidity offering Liquidity Cross (LX). The LX platform anonymously pools active order flow from Lehman Brothers’ European equity trading channels with the investment firms non-active inventory, providing buy-side clients with direct access to Lehman Brothers liquidity on a continuous and anonymous basis, throughout the trading day.
“With the use of comprehensive analysis and dark liquidity-seeking tools the buy-side is able to improve their execution strategy and minimise market impact,” says Adam Toms, Head of Portfolio & Electronic Sales Trading in Europe at Lehman Brothers.