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A-Team Insight Blogs

Invesco Implements Portware Enterprise for Multi-Asset Trade Automation

Invesco is replacing a number of vendor execution management systems (EMS) with Portware’s Enterprise EMS, which will act as a centralised hub for execution management across all its asset classes. Invesco’s selection of Portware was made after an evaluation of competitive providers that considered not only available products, but also the vendors’ strategies going forward.

The investment management firm has started the implementation of the Portware Enterprise software and is planning to go live in a couple of months. The aim is to automate a large portion of the electronic trading business and use the analytics that Portware integrated into Enterprise following its acquisition of Aritas last year and the company’s visualisation tools to improve workflows and real-time decision making.

Saurabh Srivastava, global head of electronic trading at Invesco, says: “We realised that the only way to differentiate ourselves from our peers in the trade implementation phase of the investment process is by taking greater ownership of execution management technology. After an evaluation of different EMS solutions on the market we found Portware to be the right partner for us.

“It allows us to consolidate our global trading activity across all asset classes into a single EMS, standardising technology, workflows and processes. The system offers a rich set of decision-making support features that will enable our trading desks to navigate a highly complex execution landscape. Most importantly, with an open architecture and a shared underlying framework across asset classes, Portware allows us to implement and deploy our proprietary ideas.”

Alfred Eskandar, CEO of Portware, adds: “Firms are outgrowing existing technology. The need among large asset managers is for multi-asset, global systems that can be customised. Our acquisition of Aritas and the integration of its analytics and artificial intelligence into Portware Enterprise has created a new category of thinking EMS solutions and is driving sales.”

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