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 bank’s 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’s has incorporated both basket and single stock pre-trade cost estimates from Lehman Brothers’ analytics platform, LehmanLive and Portfolio WebBench TCA, providing users with a real-time, single view of workflow and transaction costs in order to execute trades more efficiently and improve performance.
“Portware has embedded our TCA and dark liquidity offerings direct into its trading application, allowing us to provide the latest in trading tools to our clients on the Portware platform,” says Adam Toms, Head of Portfolio & Electronic Sales Trading in Europe at Lehman Brothers. “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.”