Portware, a FactSet Trading Solution, today reinforced its support for an open, transparent and effective foreign exchange market by committing to the guidelines outlined in the FX Global Code of Conduct. By signing the voluntary code of conduct, the Company pledges to uphold the six leading principles of the code: ethics; governance; execution; information sharing; risk management and compliance; and confirmation and settlement processes. Portware expects its clients to benefit from the commitment to more robust and open practices across their foreign exchange (FX) operations, as well as the increased market liquidity a more trusted FX market is anticipated to generate.
“We firmly believe in standards of transparency, fairness, liquidity, and ethical practices in the FX market,” said Christopher Matsko, Head of FX Trading Solutions, FactSet. “Signing the FX Global Code offers us the opportunity to represent the best interests of the foreign exchange community worldwide. We look forward to working with our clients, partners, and all of the signatories to enhance the effectiveness of the global FX marketplace.”
Portware Enterprise, FactSet’s order and execution management solution for Tier 1 global asset managers, has been at the forefront of FX innovation for over a decade. Leading asset managers and hedge funds worldwide have deployed it to help meet their most complex trading requirements. Portware FX is a core component of Portware Enterprise, providing clients a real-time, centralized view of their entire foreign exchange marketplace. Portware FX aggregates liquidity from global providers, including banks, electronic communication networks (ECNs) and interdealer platforms, equipping FX traders with a full range of order routing options through a single, fully customizable, broker-neutral front end.