PORTWARE STRENGTHENS SENIOR MANAGEMENT TO SUPPORT NEW PRODUCT STRATEGY GROUP Tuesday 18 September 2007 PDF Print New Division to Spearhead Product Innovation and Maintain Portware’s Position as the Industry Standard Trading and Strategy Platform for Buy - and Sell-side Institutions New York – 18 September 2007 – Portware, an independent provider of global, multi-asset trading solutions, today revealed ambitious plans for the development of its product suite. Four high profile appointments have been made to strengthen Portware’s global operations and support its new Product Strategy Group, created specifically to spearhead product innovation for buy- and sell-side institutions. Portware’s technology has become the industry standard for trading single order, portfolio and algorithmic strategies. Portware’s new Product Strategy Group will enable it to continuously evolve its global multi-asset trading system to deliver customized and off-the-shelf trade and order management systems for its diverse buy- and sell-side client base. Jim Feingold and Harrell Smith have been appointed as co-heads of the Product Strategy Group and will be responsible for Portware’s product direction. Eric Goldberg, chief executive officer, comments: “Since we launched in 2002, Portware has seen unprecedented growth. Our trading solutions are now deployed in more than 100 buy- and sell-side firms worldwide. The newly established Product Strategy Group, under the experienced leadership of Jim and Harrell, will ensure we effectively manage this growth and our clients’ needs.” Jim Feingold joins from Progress Software where, as head of North American Sales for Progress Apama’s algorithmic trading products, he played an instrumental role in building the Apama business in the Americas. Jim is a seasoned financial services veteran with more than 24 years of experience working at leading firms such as Merrill Lynch, Laidlaw Capital Management and Bloomberg Financial Markets. Harrell Smith joins Portware from Celent, where he managed the firm’s global Institutional Securities and Investments Practice. At Celent, Harrell advised leading financial services firms, exchanges and technology vendors on initiatives including algorithmic trading systems development, market structure, M&A, and platform implementation strategies. Prior to joining Celent, Harrell worked in equity derivatives trading at BNP Paribas and as a commodity derivatives analyst for Morgan Stanley. Also joining Portware’s New York office is Bill James as a senior salesperson for the region and Steve Hovagimyan as chief administrative officer to oversee financial, legal and HR functions. Prior to joining Portware, Bill was vice president and senior account manager at Lava Trading. He has extensive experience in selling OMS and EMS services to leading investment banks and trading firms. Steve was formerly director of Strategic Development at Andrew Davidson & Inc, where he was responsible for financial management, the expansion of the company’s product lines and geographical reach. Ary Khatchikian, president and chief technology officer, Portware, adds: “Our new appointments have a wealth of industry and management expertise. As the only wholly independent, broker-neutral trading systems provider, Portware offers unparalleled access to market destinations and, with our strengthened team and new division, we are well placed to continue to develop and expand our offering globally.” ------ [End] -------- Press enquiries to: Nicolle Farthing/Nicki Ferguson, Cre8 Results Limited Email: firstname.lastname@example.org Tel: +44 (0)20 7734 9199 About Portware www.portware.com Portware develops and sells multi-asset, automated and algorithmic trading software and solutions to the global securities marketplace. As the only wholly independent execution and order management trading systems provider, Portware supplies traders with true broker-neutral solutions to facilitate best execution. The company’s suite of products includes a trading platform which supports FX, Single Stock, Portfolio, Program, Pairs and Index trading coupled with a powerful black-box Algorithmic Engine, the Portware Strategy Server which offers a completely customizable central trade portal to conduct a comprehensive range of trade activity. Since the company’s launch in 2000, Portware solutions have been implemented at more than 100 firms worldwide, including quantitative hedge funds, traditional asset management firms and sell-side program trading desks. Portware’s event-driven, multi-threaded architecture has quickly become the industry standard for high-frequency trading. On top of this architecture, Portware offers an extensible feature set tailored for different asset classes and trade styles, as well as tools for TCA, risk management and real-time reporting and a combination of pre-packaged and third-party algorithms and analytics. Portware offers the ability to create proprietary algorithms to control every aspect of trade management or execution, from automated market-making, to hedging, crossing and full order-book management. These strategies can be executed by traders from within Portware’s user interface or automated using the Portware Strategy Server, a high-speed algorithmic engine for execution and order management. This press release was distributed by ResponseSource Press Release Wire on behalf of Cre8 Results in the following categories: Business & Finance, Computing & Telecoms, for more information visit http://pressreleasewire.responsesource.com/about.