Portware has selected Elektron to support its new cloud-based deployment model.
Portwares latest offering combines the companys trading technology, Elektrons global infrastructure and integrated access to Thomson Reuters data, security classification and analytics.
The proliferation of automated trading strategies has driven requirements for order and execution management systems capable of delivering global cross-asset algorithmic trading capabilities. By joining the Elektron community, Portware is providing its buy-side, hedge fund and sell-side clients access to a robust hosted trading solution that offers reduced operational overhead, faster time to market, turnkey access to global liquidity and the security and speed of Elektrons global hosting environment.
Market participants today do not want to sacrifice performance for the convenience of fully managed trading solutions, says Ary Khatchikian, president and chief technology officer of Portware. By deploying Portwares enterprise-class trading suite in Elektron, we are giving clients the best of both worlds: the performance, flexibility and scalability of Portwares technology combined with the speed, convenience and reliability of Elektrons global market infrastructure.
Jon Robson, president of Enterprise of Thomson Reuters, adds: The dynamic nature of todays financial markets means participants must have easy access to cutting-edge trading applications delivered over high-performance infrastructure to remain competitive and drive innovation. Elektron is designed to empower customers with unrivaled access to integrated solutions that offer leading performance while also reducing our customers total cost of ownership. The combination of Portwares market leading trading technology with Elektron will allow us to deliver a new class of trading solution to the market.