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October 25th, 2007
Portware Integrates Citi’s MiFID Best Execution Algorithms and Advanced Analytics
Eric Goldberg, chief executive officer, Portware: “Our close relationships with Citi and the global broker-dealer community has allowed us to rapidly equip firms with a superior MiFID-ready trading solution."
Portware’s open and flexible architecture allowed Citi to deploy their MiFID solution and Best Execution Consulting Services (BECS) in record time, well ahead of the Directive’s 1 November enforcement date. Citi’s MIFID algorithms and advanced DMA order types allow buy-side firms to efficiently find liquidity across fragmented markets, accessing all major trading destinations. These strategies are complemented by BECS, which provides buy-side firms with the tools to accurately forecast trading costs and improve their execution quality.
Toby Bayliss, head of Citi's trading sales team in Europe, comments: “Portware has quickly incorporated our latest tools to ensure our clients are ready for the fast approaching Directive. Our latest suite of strategies and TCA provide our fund management clients with the tools they need to ensure they are able to develop strategies that access stocks at the best price and achieve best execution.”
Eric Goldberg, chief executive officer, Portware, adds: “Our close relationships with Citi and the global broker-dealer community has allowed us to rapidly equip firms with a superior MiFID-ready trading solution. Portware’s open and flexible platform ensures short implementation timeframes and allows our clients to quickly and efficiently access all global liquidity pools and broker TCA resources from a single, comprehensive trade management platform.”
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