New York-based Abel/Noser, an independent agency broker that provides a range of trading and analytics services to institutional investors, has integrated its Trade Compass pre-trade transaction cost analysis (TCA) solution, which is powered by TCA specialist firm Ancerno, with Portware Enterprise.
Portware’s 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 Portware’s trading blotters. Embedding Trade Compass data in Portware Enterprise increases workflow efficiencies, while helping traders improve execution quality and reduce market impact.
Bill Conlin, president of Abel/Noser, said: “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.”
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