Portware CEO Alfred Eskandar named to Institutional Investor's Trading Technology 40
To stand out in a crowd of trading-software competitors, a company needs technology and innovation as table stakes. Portware had that in early 2012 -- the New York-based company was 12 years old, and investment firms were running an aggregate $3 trillion in assets on its execution management systems. But growth had slowed, and Portware's board, in search of new energy and ideas, hired Alfred Eskandar, a member of the founding team of buy-side trading platform Liquidnet, as CEO. Today, Portware's managed-assets total is $10 trillion, payback on product initiatives like Alpha Vision, which introduced real-time predictive analytics to the process of optimizing execution strategy. Portware's transformation may have only just begun, because it was acquired by financial information company FactSet Research Systems in October for $265 million in cash.