FactSet Introduces IntelligentCross JumpStart Functionality
FactSet, a renowned global financial digital platform, is excited to announce the introduction of IntelligentCross’ JumpStart functionality in its Portware execution management system (EMS). This cutting-edge integration empowers buy-side traders by facilitating direct access to brokers' low-touch algorithmic liquidity, marking a significant step forward in trading efficiency.
Collaboration with Jefferies and IntelligentCross
This innovative functionality is a result of the collaborative efforts between FactSet and Jefferies, a leading global investment bank. This partnership has enabled FactSet to offer an unprecedented opportunity for institutional traders to interact with some of the best low-touch liquidity in the market, exemplified by Jefferies’ highly regarded algorithmic trading capabilities.
The Significance of Direct Integration
With the integration of JumpStart, FactSet becomes the first competitor to provide a seamless link from the buy-side, allowing users of Portware to engage collaboratively with Jefferies’ algorithmic liquidity. This provides an enhanced mechanism for traders who are keen on making informed decisions while keeping potential risks at bay.
Enhanced Trading Experience Through AI
As trading practices evolve, the need for advanced tools grows more critical. IntelligentCross utilizes artificial intelligence to improve order matching and enhance price stability in U.S. equities. This innovative approach aims to reduce market impact and mitigate the risks associated with adverse selection, ultimately creating a smoother trading experience.
Privacy and Efficiency in Trading
One of the standout features of IntelligentCross JumpStart is its commitment to privacy and efficiency. Traders can select and interact with liquidity without the fear of revealing sensitive order information. Orders operate within dedicated environments on the IntelligentCross ATS, ensuring that the trading interests of buyers and sellers align effectively while upholding confidentiality.
Insights from Early Adopters
The success of this application has also been primarily driven by feedback from Harris | Oakmark, a prominent investment management firm. Their involvement in testing and providing insights during the development phase has been invaluable. They are now experiencing the full potential of this offering in production, illustrating the practical advantages that JumpStart provides to institutional traders.
Real-World Implications for Trading
According to Jason Siegendorf, Senior Director and Head of Trading Analytics at Harris | Oakmark, the introduction of JumpStart represents a significant leap forward in trading. He highlights that this feature is not just an upgrade but a meaningful evolution that allows traders to choose how, when, and with whom they interact on the trading floor, aligning their strategies perfectly with their investment goals.
About FactSet
FactSet plays a vital role in enabling financial intelligence. They provide comprehensive data and information solutions that empower clients to reach their fullest potential. With a digital platform that integrates financial data across various sources, they are dedicated to delivering tailored solutions to different sectors including the buy-side, sell-side, private equity, and corporate realms.
Contact Information
For further inquiries, you may reach out to:
Investor Relations:Kevin Toomey
+1.212.209.5259
Email: Kevin.toomey@factset.com
Kelsey Goldsmith
+1.207.712.9726
Email: Kelsey.Goldsmith@factset.com
Frequently Asked Questions
What is the IntelligentCross JumpStart feature?
JumpStart is a new functionality integrated into FactSet’s Portware EMS, allowing buy-side traders to access low-touch liquidity directly.
How does this feature benefit buy-side traders?
It provides efficient access to quality liquidity while minimizing information leakage and maintaining confidentiality.
Who collaborated with FactSet on this project?
FactSet collaborated with Jefferies and Harris | Oakmark to implement this innovative trading solution.
What role does AI play in this functionality?
Artificial intelligence enhances order matching and helps improve price stability in U.S. equities.
How can I learn more about FactSet's offerings?
If you're interested in FactSet’s Portware EMS or other solutions, please visit their official website or contact them directly.