IPM Informed Portfolio Management Deploys Portware for Global FX Trading11.07.2012
Top Scandinavian investment manager chooses Portware FX for unsurpassed customization, flexibility and liquidity aggregation
Portware, the leading provider of global, multi-asset trading solutions, today announced that Stockholm-based investment manager IPM Informed Portfolio Management (IPM) has deployed Portware’s award-winning FX trading platform, Portware FX. The custom implementation enables IPM to automate its FX trade workflows, creating a front-to-back solution that addresses the firm’s complex trading and system integration requirements.
IPM is a systematic macro and equity manager offering diversified portfolio solutions to institutional investors globally. Since its inception in 1998, IPM has become a leader in research-based investing, with approximately US$ 7 billion in assets under management (AUM) on behalf of large institutional investors such as sovereigns, pension funds, insurance companies and foundations. IPM was voted the Global Pensions “Hedge Fund of the Year” 2011, and in 2012 was ranked among Europe’s Top 50 hedge funds for the second year in a row.
“Our traders needed a customizable FX trading solution that would allow them to execute orders against any bank, ECN or interdealer platform and leverage next generation automated trading strategies,” says Fredrik Wingren, Head of Trading at IPM. “Portware FX provided the highest levels of customization, functionality and system flexibility, enabling our traders to increase trading efficiencies, streamline workflows and maximize alpha capture.”
Portware FX is a comprehensive FX trading solution that aggregates liquidity from all global providers and offers customizable algorithmic trading strategies to bring new efficiencies to FX trading. The platform also includes Portware’s FX Liquidity Monitor (FXLM), an FX transaction cost analysis (TCA) and post-trade analytics package that gives traders increased visibility into their trading performance. Clients can also take advantage of Portware FX’s new cloud-based model, which offers fast deployment, ease of access to all liquidity providers and significantly reduced operational overhead. Leading asset managers, hedge funds and broker dealers worldwide have deployed Portware FX to meet their most complex trading requirements, leading to dramatic growth in Portware’s FX business over the past 18 months, including a 24 percent quarter-over-quarter increase in FX trade volumes in Q3 alone.
“In order to compete in today’s complex global trading environment, institutions need flexible, open systems that offer unmatched transparency, performance and functionality,” said Alfred Eskandar, CEO of Portware. “We welcome IPM to the growing list of global firms that have selected Portware to automate their most complex trade workflows. 2012 has been a record year for our FX business, and we will continue to innovate and ensure Portware FX will accommodate traders’ evolving needs into 2013 and beyond.”
Founded in 2000, Portware LLC is the financial industry’s leading developer of broker-neutral, automated trading solutions for global equities, futures, options and FX. Portware’s flagship product, Portware Enterprise, is a fully customizable execution management system for single stock, portfolio, index and algorithmic trading. Portware Enterprise provides access to the widest range of global trading destinations and broker algorithmic strategies, while the system’s flexibility and open architecture allows users to easily customize Portware Enterprise to meet their specific trading and workflow integration requirements. Portware FX, the company’s award winning FX trading solution, provides a streamlined interface to bank, ECN and interdealer platform liquidity, an advanced front-end trading platform, integrated algorithms from Portware and leading FX dealers, comprehensive transaction cost analysis, and a flexible development environment for proprietary trading strategies. Portware’s trading solutions have been implemented at more than 130 financial firms worldwide, including investment managers, hedge funds and sell-side program trading desks. For more information, please visit www.portware.com.
About IPM Informed Portfolio Management
IPM Informed Portfolio Management is a systematic macro and equity manager offering diversified portfolio solutions to institutional investors globally. The company has, since its inception in 1998, become a leader in research-based investing, with approximately US$ 7 billion in assets under management on behalf of large institutional investors such as sovereigns, pension funds, insurance companies and foundations. IPM’s investment strategies are both fundamental and systematic by design; the essence of their approach being a belief that an asset’s market price fluctuates around ‘fair value’. IPM designs novel approaches that model these movements and then captures the resulting profit. IPM is headquartered right at the very center of Stockholm, Sweden, and has 40 employees, of which close to half are involved in the research process. IPM is regulated by the Swedish Financial Supervisory Authority (Finansinspektionen). For more information, please visit www.ipm.se.
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