November 07, 2012

Stockholm-based hedge fund Informed Portfolio Management (IPM) has deployed Portware’s FX trading platform, Portware FX, to drive its global FX trading operations.

The fund, with about $7 billion in assets under management, is a systematic macro and equity manager offering diversified portfolio solutions to institutional investors globally. Among the reasons it selected Portware FX were for its advanced customizability, flexible system architecture and trading functionality, as well as the ability to integrate with ease into the firm’s internal software for FX executions and maximizing alpha.

“Our traders needed a customizable FX trading solution that would allow them to execute orders against any bank, ECN or interdealer platform and leverage next generation automated trading strategies,” commented Fredrik Wingren, head of trading at IPM. “Portware FX provided the highest levels of customization, functionality and system flexibility, enabling our traders to increase trading efficiencies, streamline workflows and maximize alpha capture.” Portware FX is a comprehensive FX trading solution that aggregates liquidity from all global providers and offers customizable algorithmic trading strategies to bring new efficiencies to FX trading. The platform also includes Portware's FX Liquidity Monitor (FXLM), an FX transaction cost analysis (TCA) and post-trade analytics package to give traders increased visibility into their trading performance. Clients can also take advantage of Portware FX’s new cloud-based model, which offers fast deployment, ease of access to all liquidity providers and reduced operational overhead, the company said.

Leading asset managers, hedge funds and broker dealers worldwide have deployed Portware FX to meet their most complex trading requirements, according to the company. This has led to dramatic growth in Portware’s FX business over the past 18 months, including a 24 percent quarter-over-quarter increase in FX trade volumes in Q3 alone, stated the company in its release.

“In order to compete in today’s complex global trading environment, institutions need flexible, open systems that offer unmatched transparency, performance and functionality,” stated Alfred Eskandar, CEO of Portware, in the release. “We welcome IPM to the growing list of global firms that have selected Portware to automate their most complex trade workflows. 2012 has been a record year for our FX business, and we will continue to innovate and ensure Portware FX will accommodate traders’ evolving needs into 2013 and beyond.”

ABOUT THE AUTHOR
Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in ...