Portware Extends Algorithmic Trading to Foreign Exchange Via Hotspot FXi

Portware say it has interfaced with Hotspot FXi, a multibank foreign exchange marketplace, via Portware Professional, its trade and execution management system. The integration allows Portware users to directly place FX orders into the Hotspot FXi marketplace via the user

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Portware say it has interfaced with Hotspot FXi, a multibank foreign exchange marketplace, via Portware Professional, its trade and execution management system.

The integration allows Portware users to directly place FX orders into the Hotspot FXi marketplace via the user interface and incorporate FX trades into automated trading strategies executed across the global equities, futures, and options markets.

Portware and Hotspot FXi’s leading edge systems are linked through a FIX gateway, providing users with instantaneous FX trading capability and live, streaming, executable market data supplied by Hotspot FXi’s network of top-rated bank market makers and institutional customers.

“Portware’s integration with Hotspot FXi adds a significant source of FX liquidity for our users,” says Eric Goldberg, Portware CEO. “Not only can customers trade FX from a multi-asset platform, they can also execute real-time automated strategies incorporating other asset classes. The ability to apply a strategy across a full portfolio provides our clients with an unprecedented level of control and a virtually limitless pool of trading opportunities.”

“Hotspot FXi has built a robust marketplace which offers traders anonymous, instantaneous access to FX trading and the addition of Portware’s algorithmic trading community will provide a new source of trading and customer liquidity to our marketplace,” adds John H. Eley, President and CEO, Hotspot FX, Inc. “We are excited to work with Portware to bridge their system and its premier clientele with ours.”

Portware Professional is a trade management system for automated and portfolio trading of global equities, futures, options and FX. It is used by buy-side, sell-side and hedge fund firms for basket, single order, and automated quantitative trading.

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