< The 2016 Trading Technology 40
33
Alfred Eskandar
Chief Executive Officer
Portware
Last year: 38
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. With trading systems an entirely new business for FactSet, there was no consolidation: It bought Portware, its management and some 180 employees whole, and Eskandar says the resource constraints on his formerly independent operation have virtually vanished. One reason this is a good strategic fit, the 42-year-old adds, is that both companies put a premium on client service. “Support can always be improved. There is no end state,” Eskandar says, noting that FactSet’s 38 global offices and data centers are now Portware’s network. An “innovation summit” with key clients in London last fall yielded “incredibly valuable input” on R&D priorities, the CEO says. Fixed-income trading is a “shiny red ball” that everyone is chasing. But, he adds, “in this space there is such a race to deliver rather than just to innovate. That’s a huge positive for us.”
2016 Trading Technology 40
1. Raymond Tierney III 2. Richard Prager 3. Chris Isaacson 4. Jonathan Ross 5. Bradley Peterson |
6. Brad Levy 7. Dan Keegan 8. Ronald DePoalo 9. Raj Mahajan 10. Ari Studnitzer |
11. Mayur Kapani 12. Gerald O’Connell 13. Nicholas Themelis 14. Gil Mandelzis 15. Bill Chow and Richard Leung |
16. Rob Park 17. Philip Weisberg 18. John Mackay (Mack) Gill 19. Robert Cornish 20. Paul Hamill |
21. Eric Noll 22. Tyler Moeller and Joshua Walsky 23. Rishi Nangalia 24. Veronica Augustsson 25. Alasdair Haynes |
26. Manoj Narang 27. Gaurav Suri 28. Robert Sloan 29. Anton Katz and Stephen Mock 30. Stu Taylor |
31. D. Keith Ross Jr. 32. Donal Byrne 33. Alfred Eskandar 34. R. Cromwell Coulson 35. Masayuki Hosaka |
36. Peter Maragos and David Karat 37. Amar Kuchinad 38. Jennifer Nayar 39. Dave Snowdon 40. Dan Raju |
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