Portware sails to a new platform port

LONDON: Portware, provider of integrated, multi-asset algorithmic trading solutions, today announced that Helsinki-based Pohjola Asset Management has deployed Portware Enterprise to support its global trading operations.

Among the factors influencing Pohjola’s decision were Portware’s advanced trading functionality, flexibility, and ease of integration into Pohjola’s existing trade workflow applications, adds a press release. The addition of Pohjola as a Portware client is indicative of Portware’s strong growth among the global asset management community. Portware’s ten largest clients manage over €4.8 trillion ($6.5 trillion) collectively. Interest from this sector has increased sharply as firms look to rationalize internal workflows and drive efficiencies at every point in the trade lifecycle.

Simo Puhakka, Head of Trading, Pohjola Asset Management, comments: “We needed a centralized trade management platform that would give our traders maximum control over their order flow and integrate seamlessly with our existing order management system (OMS). Portware easily addressed all of our requirements, delivering a combination of advanced features, performance, and flexibility. In today’s market, this kind of technology gives us a real competitive advantage. We were also pleased with the speed and efficiency of the implementation process. Portware took a very consultative approach to platform deployment, resulting in lower implementation costs and a reduced time to market.”

Eric Goldberg, CEO, Portware, comments: “We are extremely pleased to welcome Pohjola as a new client. Their decision speaks to Portware’s ongoing commitment to provide innovative trading solutions and unparalleled client support worldwide. As the markets evolve, Portware will continue to work closely with our clients to address their complex trading and business requirements.”