The Foreign Exchange Professionals Association (FXPA) has strengthened its membership by adding Portware to its growing list of constituents as its newest supporting member, per an FXPA statement.
Portware operates as a FactSet Company and provider of multi-asset trade automation solutions. The group deploys a wide range of technologies and solutions including artificial intelligence and other algorithmic capabilities in the foreign exchange (FX) space. Its inclusion into the FXPA will help the group emerge as a key player in FX regulatory reform, putting it in a strategic position to help drive the conversation with other industry leaders and regulators.
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The FXPA was launched back in 2014 and was designed to engage leading regulators and policymakers with the goal of fostering a competitive and transparent global currency market. The addition of Portware represents the organization’s latest inclusion that includes over twenty-five institutional members to date.
Securing Portware also brings into the fold a seasoned innovator in the FX space, having helped introduce solutions to the industry for over a decade. Portware FX’s suite of services also extends towards liquidity aggregation from an assortment of global providers, including banks, ECNs, and interdealer platforms.
According to Christopher Matsko, Head of FX Trading Services, Portware, in a statement on the membership, “We are pleased to join the FXPA and support its commitment to improving FX industry standards and practices through education, research and advocacy across the globe. Membership in the FXPA gives us a unique opportunity to contribute Portware’s insights and perspectives to the global regulatory reform dialogue and help represent the best interests of the FX community worldwide.”