Portware, the leading provider of enterprise electronic execution platforms to the global financial industry, announced today that it has entered into an alliance and integrated with Liquidnet, the number one electronic marketplace for block trading.
The integration will allow Portware's buy-side clients to access Liquidnet's deep pool of liquidity directly from their Portware Professional interface.
"Portware provides buy-side traders with a powerful execution platform to manage all their trade activity from a single interface," said Alfred Eskandar, Liquidnet's Director of Corporate Strategy. "The ability for Portware's institutional customers to trade large blocks with other Liquidnet Members and access the liquidity our system offers will prove to be a competitive advantage for best execution."
Liquidnet, whose Membership manages nearly $8.6 trillion of institutional assets, is a global institutional trading system that enables institutions to conduct real-time negotiations with fellow buy-side institutions. Most recently, the firm was voted the number one execution venue by the buy side, according to a recent survey by Institutional Investor Magazine.
"Liquidnet has become the premiere venue for electronic block trading on the buy side," said Ary Khatchikian, President of Portware. "In the past year, Portware has made significant inroads into the institutional marketplace. Our integration with Liquidnet significantly increases our appeal to that market, providing traders easy access to one of the deepest pools of liquidity on the market today."
Used by more than 100 firms worldwide, Portware Professional provides a platform to facilitate global, multi-asset, front-to-back execution management. The system is used by hedge funds, asset managers and broker/dealers as a central platform to conduct all trade activity, including order and execution management, analytics, reporting, risk and compliance.