Portware, the leading provider of highly integrated, multi-asset algorithmic trading solutions, today announced that First Quadrant, a Pasadena-based investment management firm with over US$17 billion AUM, including over $6 billion in its Tactical Currency Allocation Long/Short alpha strategy, has deployed Portware FX to support its global foreign exchange trading operations.
Among the factors influencing First Quadrant's decision were Portware FX's support for advanced trading strategies, comprehensive liquidity aggregation and seamless integration with First Quadrant's internal workflow applications.
Using Portware FX, First Quadrant can both manually and algorithmically trade against a centralized book of streaming quotes from global FX dealers, driving increased trading efficiencies and reducing execution costs. In addition, Portware FX's integration with Traiana's Harmony Network allows First Quadrant to streamline post-trade processing and settlements with their prime brokers, resulting in lower operational risk for all trading parties.
Jia Ye, Chief Investment Strategist and Director of Trading, First Quadrant, comments: "Portware FX gives us a streamlined interface to dealer liquidity and a powerful trading environment to support our FX strategies. In addition, the system's flexible trade architecture allowed us to integrate Portware with our proprietary signal generation application as well as our downstream workflows. The result is a complete front-to-back FX solution that addresses our complex trading and STP requirements."
"We're pleased to have First Quadrant join the growing list of companies using Portware to support their advanced FX trading strategies," said Ary Khatchikian, President and CTO, Portware. "Firms today require sophisticated trading tools to help them navigate the global FX markets. As our clients' requirements evolve, Portware will continue to deliver innovative trading solutions and unparalleled client support worldwide."