Portwareâs technology has become the industry standard for trading single order, portfolio and algorithmic strategies. Portwareâs new Product Strategy Group will enable it to continuously evolve its global multi-asset trading system to deliver customized and off-the-shelf trade and order management systems for its diverse buy- and sell-side client base.
Jim Feingold and Harrell Smith have been appointed as co-heads of the Product Strategy Group and will be responsible for Portwareâs product direction. Eric Goldberg, chief executive officer, comments: âSince we launched in 2002, Portware has seen unprecedented growth. Our trading solutions are now deployed in more than 100 buy- and sell-side firms worldwide. The newly established Product Strategy Group, under the experienced leadership of Jim and Harrell, will ensure we effectively manage this growth and our clientsâ needs.â
Jim Feingold joins from Progress Software where, as head of North American Sales for Progress Apamaâs algorithmic trading products, he played an instrumental role in building the Apama business in the Americas. Jim is a seasoned financial services veteran with more than 24 years of experience working at leading firms such as Merrill Lynch, Laidlaw Capital Management and Bloomberg Financial Markets.
Harrell Smith joins Portware from Celent, where he managed the firmâs global Institutional Securities and Investments Practice. At Celent, Harrell advised leading financial services firms, exchanges and technology vendors on initiatives including algorithmic trading systems development, market structure, M&A, and platform implementation strategies. Prior to joining Celent, Harrell worked in equity derivatives trading at BNP Paribas and as a commodity derivatives analyst for Morgan Stanley.
Also joining Portwareâs New York office is Bill James as a senior salesperson for the region and Steve Hovagimyan as chief administrative officer to oversee financial, legal and HR functions. Prior to joining Portware, Bill was vice president and senior account manager at Lava Trading. He has extensive experience in selling OMS and EMS services to leading investment banks and trading firms. Steve was formerly director of Strategic Development at Andrew Davidson & Inc, where he was responsible for financial management, the expansion of the companyâs product lines and geographical reach.
Ary Khatchikian, president and chief technology officer, Portware, adds: âOur new appointments have a wealth of industry and management expertise. As the only wholly independent, broker-neutral trading systems provider, Portware offers unparalleled access to market destinations and, with our strengthened team and new division, we are well placed to continue to develop and expand our offering globally.â