Portware, the first and only global provider of multi-asset trade automation solutions powered by artificial intelligence, today announced the company has appointed FX industry veteran Christopher Matsko as Head of Foreign Exchange Trading Services.
Following unprecedented growth in Portware’s FX business with new client wins across North America and Europe, Matsko will work closely with Portware clients to meet the increasing demand for the firm’s next generation FX solutions. Portware FX, a truly front-to-back-office solution that recognizes the unique workflows of global asset managers, has been named a leading buy-side FX solution for the past three years. The addition of Matsko, as well as a growing roster of liquidity providers and enhanced functionality, further strengthens the platform for institutional investors.
With built-in support for both streaming and RFQ for spot, forwards, swaps, and NDF trading, Portware FX aggregates liquidity from dealer banks, ECNs, and other sources of liquidity and presents it in a single depth-of-book for both point-and-click and algorithmic execution. Additionally, Portware’s TCA and post-trade reporting toolset give FX traders greater visibility into and control over their trading performance. Traders are being priced on very large notional amounts by many banks at very competitive prices through Portware FX, while the system recommends methods of trading larger blocks, considering not only cost savings but also seeking out the route with the highest fill ratio potential.
Matsko will be based in New York, reporting to Portware’s CEO, Alfred Eskandar and will help Portware FX clients navigate an increasingly complex regulatory environment that demands real-time analytics, transaction cost analysis (TCA), and custom trading capabilities. Matsko brings over a decade of experience in FX business development with a proven track record serving the U.S. and Canadian markets. Prior to Portware, Matsko held senior sales roles at 360T, FXall (acquired by Thomson Reuters in 2012), Associated Foreign Exchange, and Capital Markets Services. He joins Portware as the company experiences dramatic growth in its FX business.
“In all my years in the industry, I haven’t seen another company like Portware that truly understands the buy side’s unique workflows and delivers demonstrable best execution. Portware FX is geared directly towards the needs of large asset managers and enables them to deal directly with their banks, ECNs, and custodians at a fraction of the cost of other platforms. The number and size of their recent client wins is a testament to the strength of Portware FX. I am excited to join Portware at this time of impressive company growth and contribute to the ongoing innovation and success of its award-winning FX platform and solutions,” Matsko said.
“The FX market is distinct from equities and presents unique challenges, from evolving regulatory initiatives to the mounting demand for transparency. Buy side firms are turning to Portware to meet these challenges and provide intelligent decision support and performance optimization,” said Alfred Eskandar, CEO of Portware. “Adding someone of Chris’s caliber to our FX team ensures we can continuously deliver an FX trading experience that enhances dealer relationships, execution quality, and service levels to our clients around the world.”