Portware, the leading provider of global, multi-asset electronic trading systems, today announced that it has connected to Chi-X Canada, a high-performance, fully-anonymous and low-cost continuous alternative trading system (ATS) for TSX-listed securities, providing Portware clients the ability to access and execute trades on the platform.
Chi-X Canada supports a wide array of advanced order types, is based on strict price-time priority and provides participants with the ability to route orders to any displayed equities marketplace in Canada. With the ability to trade on Chi-X Canada, Portware customers can better meet their best execution requirements and improve investment performance.
Portware is the only wholly independent, multi-asset automated trading system, providing customized solutions to more than 130 hedge funds, asset managers and broker-dealers worldwide. With more than 400 certified connections to broker algorithms, ECNS, ATSs, MTFs, crossing networks and exchanges globally, Portware provides customers with a comprehensive, end-to-end electronic trading solution.
"In order to achieve maximum trading efficiencies and ensure best execution, firms must be able to access all liquidity sources from a single, flexible trading platform," said Eric Goldberg, CEO, Portware. "Portware's connectivity to Chi-X Canada illustrates our commitment to providing unparalleled access to market destinations worldwide."
Tal Cohen, CEO, Chi-X Canada, said, "We believe that traders should have the ability to effectively access all available liquidity and control how and where they execute. As such, we are committed to being open and accessible to the vendor community, and are pleased that Portware customers will now be able to access Chi-X Canada."