Portware, the leading provider of global, multi-asset electronic trading systems, today announced that it has partnered with Thomas Weisel Partners to integrate their suite of algorithmic strategies into Portware Enterprise using the FIX Algorithmic Trading Definition Language (FIXatdl).
Built on the FIX protocol, FIXatdl allows the sell side to easily specify how their algorithms should be rendered and validated on third-party trading systems. Portware has worked closely with brokers such as Thomas Weisel Partners to streamline the deployment of new and updated algorithms using FIXatdl.
"Thomas Weisel Partners has developed a comprehensive suite of algorithms that help our clients reduce market impact and improve trading performance," said Steve Blatney, Managing Director and Head of Electronic Trading at Thomas Weisel Partners. "As an early supporter of the FIXatdl protocol, Portware can rapidly integrate these algorithms into their Enterprise trading platform, reducing implementation times and helping traders quickly take advantage of our most advanced algorithmic offerings."
Scott DePetris, Chief Operating Officer, Portware, comments: "In today's complex market, buy-side traders want the widest possible choice when it comes to global trading destinations and execution strategies. Portware remains committed to adopting new technologies and standards, such as FIXatdl, that deliver these strategies to our clients as quickly as possible."