Portware, the leading provider of highly integrated electronic trading solutions, today announced that New York-based Abel/Noser Corp., an independent agency broker that provides a range of trading and analytics services to institutional investors, has integrated their Trade Compass pre-trade Transaction Cost Analysis (TCA) solution, which is powered by TCA specialist firm Ancerno, Ltd., with Portware Enterprise.
Portwareâs flexible, broker-neutral trading platform has incorporated pre- and post-trade TCA services from numerous brokers and independent analytics providers. The integration with Abel/Noser includes both portfolio and single stock pre-trade cost estimates, all of which can be viewed directly in Portwareâs trading blotters. Embedding Trade Compass data in Portware Enterprise greatly increases workflow efficiencies while helping traders improve execution quality and reduce market impact.
Bill Conlin, President of Abel/Noser, comments: âTrade Compass is unique in that it uses Abel/Noserâs vast universe of trade data as a basis for estimating âexperience-basedâ execution costs. Calculations are stock specific and provide results based upon the characteristics of each trade, including size and momentum. Through this integration, traders will be able to take advantage of our industry leading pre-trade solution from within the Portware Enterprise EMS.â
Eric Goldberg, CEO, Portware, comments: âPortwareâs open and flexible technology architecture allows our clients to efficiently access all broker TCA resources from a single trading platform. By integrating Portware Enterprise with Abel/Noserâs Trade Compass, we have given clients another source of advanced pre-trade analytics to help them optimize their trading strategies and pursue best execution.â