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Alfred Eskandar Bailey McCann, Opalesque New York:
As the cost and regulatory burdens continue to grow for hedge funds, service providers have also adjusted their offerings to meet changing demands. Open IT architecture and cloud offerings are quickly becoming the new standard, creating a boon for first movers in the space. Many of these new offerings were on display at the TradeTech USA conference held last week in New York.
"Trades are not getting simpler. Institutions are looking more like hedge funds, and hedge funds are maturing and becoming more institutionalized. So you see both groups making similar demands in terms of what they need to manage complex trades and workflows," explains Alfred Eskandar, CEO, Portware.
"Hedge funds are very critical of vendors because of their unique needs," he says. "We provide an open architecture, that is very robust and includes modeling and analytics. Much of what we do is driven by client feedback."
Eskandar, is himself an 18-year veteran of securities trading, and took over at Portware at the end of February, after resigning from Liquidnet, where he was the head of US equities. Hiring Eskandar is just one of several shifts Portware has made recently. The company launched a new cloud based trading platform in January, and is pushing...................... To view our full article Click here
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