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Investment Software House Opens Up In Hong Kong

by Mary Swire, for Investors, Hong Kong

22 August 2007

Portware LLC, a leading independent provider of global, broker-neutral, multi-asset trading and strategy systems, announced on Tuesday the opening of its Hong Kong office to support its growing client base in the Asia-Pacific region.

Damian Bierman, formerly head of FIX Product Services at trading solutions provider NYFIX, in Hong Kong, has been appointed to head up the Portware Hong Kong office and oversee day-to-day operations. The office will focus on implementation management and support, and is staffed by regional specialists and experienced project managers from Portware’s US headquarters.

Damian Bierman, head of Asian operations, comments: “Our Hong Kong team has extensive experience in the Asian markets and will offer a full range of client services, implementation expertise and technical support. The region is in a strong growth period and financial institutions are beginning to generate a momentum similar to their US and European counterparts in the adoption of automated trading technology. Buy- and sell-side firms are looking to established vendors for the latest systems to take advantage of new trading opportunities. Portware’s open and flexible trading and strategy platform is well suited to the complex requirements of the region’s rapidly evolving markets.”

Eric Goldberg, chief executive officer, Portware, adds: “The Hong Kong office is a natural extension to our offices in New York, London and India. With a dedicated and experienced team on the ground we are better able to service our Asia-Pacific clients and work closely with them to meet their trading requirements.”

Portware has seen a rapid growth in demand from buy- and sell-side firms for its easily deployed multi-asset trading and strategy systems. Portware’s flexible framework offers a full range of components from ready-to-trade systems through to customizable enterprise solutions, enabling financial institutions to quickly integrate execution management tools and manage complex trading strategies and risk in one place. Through a combination of Portware’s open Application Programming Interface (API), plug-and-play architecture and regional development support, Portware’s Asia-Pacific customers are able to achieve a high degree of localization, tailored specifically to the varied needs of the Asia-Pacific markets.

Portware has been supporting clients operating in the Asia-Pacific region for more than two years and is currently working on a number of new implementations for buy- and sell-side firms within the region.

Portware LLC is a leading independent provider of global, broker-neutral, multi-asset, trading systems. Portware’s centralized trading environment has a flexible framework and offers a full range of components for ready-to-trade systems and customizable, enterprise solutions. Portware enables buy- and sell-side clients to create and modify trading strategies and algorithms and supports FX, single stock, portfolio, program, pairs and index trading. Portware provides advanced tools for TCA, risk management, real-time reporting, algorithms and analytics. With its open architecture, Portware’s users are able to implement solutions that meet their individual trading requirements and easily adapt to the rapidly evolving and increasingly regulated global marketplace. Since its launch in 2000, Portware systems have been implemented at more than 100 firms worldwide, including hedge funds, asset management firms and sell-side program trading desks.

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