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First Quadrant Deploys Portware for Global FX Trading

The money manager cited Portware's FX liquidity aggregation features and integration with Traiana Harmony's network for post-trade processing.

First Quadrant, a Pasadena-based investment management firm with over $17 billion in assets under management, has deployed Portware FX to support its global foreign exchange trading operations.

First Quadrant’s decision was influenced by a number of factors including Portware FX’s support for advanced trading strategies, comprehensive liquidity aggregation and seamless integration with First Quadrant’s internal workflow applications, according to the release.

First Quadrant also manages well over $6 billion of the total in a tactical currency allocation long/short alpha strategy, suggesting it’s needs to access the growing volumes in electronic FX markets. With Portware FX, First Quadrant can both manually and algorithmically trade against a centralized book of streaming quotes from global FX dealers, efficiently accessing liquidity and reducing execution costs. In addition, Portware FX’s integration with Traiana’s Harmony Network allows First Quadrant to streamline post-trade processing and settlements with their prime brokers, resulting in lower operational risk for all trading parties, according to the release.

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 the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio

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