Portware and Abel/Noser Deliver Pre-Trade TCA

Portware, the electronic trading solutions provider, announced that New York-based Abel/Noser Corp., an independent agency broker, has integrated their Trade Compass pre-trade Transaction Cost Analysis (TCA) solution, which is powered by TCA specialist firm Ancerno, with Portware Enterprise.

Portware's 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 Portware's 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: "Trade Compass is unique in that it uses Abel/Noser's vast universe of trade data as a basis for estimating "experience-based" 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."

Eric Goldberg, CEO of Portware, comments: "Portware's 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/Noser's Trade Compass, we have given clients another source of advanced pre-trade analytics to help them optimize their trading strategies and pursue best execution."

Phil Albinus is the former editor-in-chief of Advanced Trading. He has nearly two decades of journalism experience and has been covering financial technology and regulation for nine years. Before joining Advanced Trading, he served as editor of Waters, a monthly trade journal ... View Full Bio