Portware said it is working with Thomson Reuters to create a broad range of trading services, available globally on-demand.
In a partnership, Portware will place its trading technology on Thomson Reuters' global network of data centers and communications infrastructure and integrate Thomson Reuters data, security classification and analytics.
The Portware set of cloud services will be available through Thomson Reuter's secure global infrastructure that operates under the Elektron brand, the companies said at the Securities Industry and Financial Markets Association's Financial Services Technology Leaders Forum and Expo at the Hilton New York.
Users will get access to integrated market data, securities classification services, Financial Information Exchange messaging, application hosting, order routing and the Thomson Reuters analytics, said Ary Khatchikian, President and Chief Technology Officer, for Portware.
Trading firms can send instructions to 450 venues, worldwide, using Thomson Reuters' Reuters Instrument Codes.
They also will get the normal advantages of cloud services, such as almost immediate startup of service, maintenance by the service provider and continual upgrading of services, said Emmanuel Doe, global business manager of Thomson Reuters.
Once customers get signoff from in-house counsel on regulatory clearances as well as get approvals from exchanges or other sources for data feeds, a new customer can be up and running on the partnership's services in one day, Doe said.