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FactSet’ s Portware
Portware Enterprise, a FactSet Trading Solution is created to be adaptable to the workflows and requirements of complex buy-side trading operations. Portware is continuously enhancing its user experience, improving workflows, automation, access to liquidity and integration with third-party technologies. The system’ s architecture facilitates integration with one or more OMS platforms or points of order origination, eliminating the need for any manual re-keying of trade data and reducing operational risk. Portware received 14 responses from its buyside clients in this year’ s survey.
Portware recorded an average score of 5.10 in this year’ s survey, down-0.59 from last year and far below the overall survey average of 5.71. This also represents the second largest decline among the EMS providers profiled. The company’ s highest score in this year’ s survey was FIX capabilities at 6.10, followed by breadth of broker algorithms( 5.86), breadth of direct connections to venues( 5.76), and client service personnel( 5.46). Portware’ s lowest score came from overall cost of operation at 3.95. When it comes to year-onyear performance, Portware experienced declines across all key functional areas assessed in this year’ s survey with the two largest decreases in product development(-1.41) and latency(-1.29).
Clients responding to Portware in this year’ s survey were well represented in North America( 43 %), UK( 29 %) and Asia-Pacific( 29 %). A vast majority( 86 %) of FactSet’ s clients responding to the survey were with firms managing more than $ 50 billion in assets.
Sample feedback from respondents included the following:
• Deeper integration with venues, better AI agents for TCA and API utilisation
• Fully automatic testing suites for broker changes to improve time to market for broker changes
• Better turnaround in dealing with issues and enhancement requests
• Lower cost to brokers
FACTSET’ S PORTWARE RATINGS FOR EMS PERFORMANCE
Reliability and availability |
Latency |
Client service personnel |
Ease-ofuse |
Handling of new versions / releases |
Breadth of broker algorithms |
Timeliness of updates for broker changes |
FIX capabilities |
5.41 4.90 5.46 5.04 4.54 5.86 5.51 6.01
Breadth of asset class coverage |
Breadth of direct connections to venues |
Product development |
Ease of integration to internal systems |
Overall cost of operation |
Average score |
4.86 5.76 4.00 4.94 3.95 5.10
KEY STATS |
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6.01 |
3.95 |
N / A |
-1.41 |
Highest score( FIX Capabilities) |
Lowest score( Overall cost of operation) |
Most improved( N / A) |
Least improved( Product development) |
70 // TheTRADE // Q3 2025 |
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