Portware links to Nyse MatchPoint
15 January 2008 | 1661 views | 0
Portware, a leading broker-neutral provider of global, multi-asset trading solutions, today announced its integration with NYSE Euronext's new portfolio-based, point-in-time electronic facility NYSE MatchPoint.
Set to go live on January 22 of this year, MatchPoint will enable Portware's buy- and sell-side clients to access block liquidity on all major and regional U.S. stock exchanges without incurring market impact.
NYSE MatchPoint is a portfolio-based, point-in-time electronic exchange facility that matches aggregated orders at predetermined sessions throughout regular hours and after hours of the Exchange. Portware clients will benefit from full access to this centralized exchange-neutral matching environment.
"Portware plays a critical role in connecting NYSE MatchPoint to our members and their customers. Their portfolio functionality integrates perfectly with our trading model," comments James G. Ross, vice president, NYSE MatchPoint. "We're very pleased to be partnering with Portware."
Eric Goldberg, chief executive officer, Portware, adds: "As one of the few remaining broker-neutral trading platforms, we strive to provide clients with seamless access to all execution destinations. MatchPoint is a valuable addition to the 300 plus destinations available via Portware. Based on a sophisticated algorithmic model, MatchPoint will provide an innovative environment for finding block liquidity, allowing buy- and sell-side firms to efficiently execute large orders."