Portware, the leading provider of highly integrated electronic trading solutions, today announced that Baltimore-based T Rowe Price, a global investment manager with $391 billion in assets under management, has deployed Portware Enterprise to support its global equities trading.
Following a successful product rollout in the US, T. Rowe Price has implemented Portware Enterprise at the firm's London and Hong Kong offices as well.
Clive Williams, Global Head of Equity Trading at T. Rowe Price, comments: "We needed a single trading system that could support multiple asset classes and integrate with all of our downstream workflow applications. Portware Enterprise integrated seamlessly with our existing order management system, while the system's highly flexible technology architecture allowed us to customize Portware to meet our specific trading and workflow requirements."
The addition of T. Rowe Price as a Portware client is another example of Portware's strong growth among the top-tier asset management community. Interest from this sector has increased sharply as firms look to rationalize internal workflows and drive efficiencies at every point in the trade lifecycle.
Ary Khatchikian, President and CTO, Portware, comments: "We are extremely pleased that T. Rowe Price has selected Portware to support their global trading operations. Their decision speaks to Portware's ongoing commitment to provide innovative trading solutions and unparalleled client support worldwide."