Portware Picks Elektron for its Cloud-Based Deployment

Portware has chosen Thomson Reuter’s Elektron to support its new cloud-based deployment model for the company’s global trading, multi-asset trading systems, according to today’s release.

By joining the Elektron community, Portware is providing its buy-side, hedge fund and sell-side client’s access to a robust hosted trading solution that offers reduced operational overhead, faster time to market, turnkey access to global liquidity, and the security and speed of Elektron’s global hosted environment.

Elektron’s resilient and secure global infrastructure will provide Portware, a leading provider of order and execution management systems, with integrated access to Thomson Reuters’ data, security classification and analytics, according to today’s release.

In a prepared statement, Ary Khatchikian, Portware’s president and chief technology officer, Portware comments: “Market participants today do not want to sacrifice performance for the convenience of fully managed trading solutions. By deploying Portware’s enterprise-class trading suite in Elektron, we are giving clients the best of both worlds: the performance, flexibility and scalability of Portware’s technology combined with the speed, convenience and reliability of Elektron’s global market infrastructure.”

In the same release, Jon Robson, President, Enterprise, stated, “The combination of Portware’s market leading trading technology with Elektron will allow us to deliver a new class of trading solution to the market.”

According to the company, Thomson Reuters Elektron offers a cross-asset trading and data infrastructure with global low-latency market access, content and distribution delivered as a managed service, across co-location and proximity hosting sites in the world’s key financial centers.

Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio