Core Insights - FactSet has launched IntelligentCross' JumpStart functionality within its Portware EMS, enabling buy-side traders to access brokers' low-touch liquidity directly, making it the first in its competitive set to offer such integration [1][2]. Group 1: Product Features and Benefits - The integration allows institutional traders to efficiently locate high-quality liquidity while minimizing signaling risks, enhancing their trading capabilities [3]. - IntelligentCross ATS utilizes artificial intelligence to improve order matching and price stability in US equities, reducing market impact and adverse selection risks [3][4]. - JumpStart technology enables buy-side traders to select and interact with desired liquidity with minimal information leakage, preserving confidentiality for both parties [4]. Group 2: Collaboration and User Insights - The development of this functionality involved collaboration with Jefferies and Harris | Oakmark, with the latter providing user insights and testing during the development process [2][5]. - Harris | Oakmark's investment professionals are the first users of the new offering, emphasizing its significance in enhancing trading efficiency and alignment with investment objectives [5][6]. Group 3: Company Overview - FactSet is a global financial digital platform that integrates proprietary financial data and technology to deliver tailored solutions across various sectors, serving approximately 9,000 clients and over 237,000 users [7].
FactSet's Portware and Jefferies First to Launch IntelligentCross JumpStart, Linking Buy-Side EMS and U.S.' Top ATS by Volumeⁱ