IntelligentCross' JumpStart is now integrated into FactSet's Portware EMS, enhancing buy-side access to low-touch liquidity.
Quiver AI Summary
FactSet has announced the integration of IntelligentCross' JumpStart functionality into its Portware execution management system (EMS), making it the first such offering in the market. This integration enables buy-side traders to access Jefferies' low-touch algorithmic liquidity directly through Portware, allowing for more effective trading with reduced signaling risks. The collaboration with IntelligentCross, a leading U.S. equities alternative trading system, enhances order matching and price stability, thus minimizing market impact. The new JumpStart technology provides traders with the ability to selectively interact with desired liquidity while maintaining confidentiality. Harris | Oakmark, a key client involved in testing the functionality, highlighted its potential to revolutionize trading efficiency and align with investment objectives.
Potential Positives
- FactSet becomes the first in its competitor set to offer a direct integration of IntelligentCross' JumpStart functionality within its Portware EMS, enhancing its market position.
- The collaboration with Jefferies and the deployment of innovative AI-driven technology allows for efficient order matching, which can attract more buy-side clients.
- This integration provides institutional traders with improved access to high-quality liquidity while minimizing information leakage, thereby addressing key market demands.
- Positive feedback from leading investment firm Harris | Oakmark highlights the effectiveness of the new functionality in solving trading challenges, enhancing service credibility.
Potential Negatives
- None
FAQ
What is IntelligentCross' JumpStart functionality?
JumpStart is a new feature in FactSet's Portware EMS that enables buy-side traders direct access to brokers' low-touch liquidity.
How does JumpStart enhance trading efficiency?
It allows traders to choose and access desired liquidity while minimizing information leakage and market impact through purposeful order matching.
Which firms collaborated on the JumpStart integration?
The integration was developed in collaboration with Jefferies and IntelligentCross, with input from long-time FactSet client Harris | Oakmark.
Who are the first users of JumpStart technology?
The first users are the institutional investment professionals at Harris | Oakmark, who provided insights during the development process.
How can I learn more about FactSet's Portware EMS?
For more information, visit FactSet's official website at https://www.factset.com/marketplace/catalog/product/portware-factsets-enterprise-trading-solution.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$FDS Congressional Stock Trading
Members of Congress have traded $FDS stock 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $FDS stock by members of Congress over the last 6 months:
- REPRESENTATIVE JULIE JOHNSON sold up to $15,000 on 04/01.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.
$FDS Insider Trading Activity
$FDS insiders have traded $FDS stock on the open market 16 times in the past 6 months. Of those trades, 0 have been purchases and 16 have been sales.
Here’s a breakdown of recent trading of $FDS stock by insiders over the last 6 months:
- FREDERICK PHILIP SNOW (Chief Executive Officer) has made 0 purchases and 3 sales selling 9,000 shares for an estimated $4,021,590.
- CHRISTOPHER R ELLIS (EVP, Initiatives & P'ships) has made 0 purchases and 5 sales selling 7,606 shares for an estimated $3,398,637.
- JAMES J MCGONIGLE has made 0 purchases and 3 sales selling 2,925 shares for an estimated $1,320,310.
- GREGORY T MOSKOFF (MD,Controller and CAO) has made 0 purchases and 5 sales selling 2,500 shares for an estimated $1,106,508.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$FDS Hedge Fund Activity
We have seen 368 institutional investors add shares of $FDS stock to their portfolio, and 437 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- GAMMA INVESTING LLC removed 428,979 shares (-99.7%) from their portfolio in Q2 2025, for an estimated $191,873,727
- MORGAN STANLEY added 426,066 shares (+21.9%) to their portfolio in Q2 2025, for an estimated $190,570,800
- MITSUBISHI UFJ ASSET MANAGEMENT CO., LTD. added 301,129 shares (+57.0%) to their portfolio in Q2 2025, for an estimated $134,688,979
- AMUNDI removed 231,909 shares (-65.5%) from their portfolio in Q2 2025, for an estimated $103,728,257
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To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$FDS Analyst Ratings
Wall Street analysts have issued reports on $FDS in the last several months. We have seen 1 firms issue buy ratings on the stock, and 2 firms issue sell ratings.
Here are some recent analyst ratings:
- UBS issued a "Buy" rating on 09/22/2025
- Wells Fargo issued a "Underweight" rating on 09/05/2025
- Morgan Stanley issued a "Underweight" rating on 06/24/2025
To track analyst ratings and price targets for $FDS, check out Quiver Quantitative's $FDS forecast page.
$FDS Price Targets
Multiple analysts have issued price targets for $FDS recently. We have seen 9 analysts offer price targets for $FDS in the last 6 months, with a median target of $328.0.
Here are some recent targets:
- Alex Kramm from UBS set a target price of $425.0 on 09/22/2025
- Shlomo Rosenbaum from Stifel set a target price of $372.0 on 09/19/2025
- Jeffrey Silber from BMO Capital set a target price of $324.0 on 09/19/2025
- David Motemeden from Evercore ISI Group set a target price of $328.0 on 09/19/2025
- Jason Haas from Wells Fargo set a target price of $296.0 on 09/19/2025
- Toni Kaplan from Morgan Stanley set a target price of $293.0 on 09/19/2025
- Manav Patnaik from Barclays set a target price of $300.0 on 09/19/2025
Full Release
IntelligentCross’ JumpStart functionality is now available within FactSet’s Portware EMS, empowering the buy-side to directly access brokers’ low-touch (algo) liquidity
NORWALK, Conn., Sept. 25, 2025 (GLOBE NEWSWIRE) -- FactSet (NYSE: FDS | NASDAQ: FDS), a global financial digital platform and enterprise solutions provider, today announced the general availability of IntelligentCross’ JumpStart functionality within FactSet’s Portware execution management system (EMS), making FactSet the first among its competitor set to offer a direct integration from the buy-side. Portware users now have direct access to Jefferies’ (NYSE: JEF) low-touch (algorithmic) liquidity.
This integration was made possible through FactSet’s collaboration with IntelligentCross, the number one U.S. equities ATS by volume i —and Jefferies, one of the world’s leading full-service investment banking and capital markets firms.
“We are proud to have collaborated with the creators of IntelligentCross, Jefferies, and longtime FactSet client Harris | Oakmark to bring this new functionality to FactSet’s Portware EMS,” said Rob Robie, Executive Vice President and Head of Institutional Buy Side at FactSet. “Institutional traders now have more efficient ways to locate high-quality liquidity without compromising on signaling risks. By embedding IntelligentCross JumpStart directly into our offering, we’re giving buyside clients a powerful new tool to trade smarter and with more confidence.”
As equity trading becomes increasingly focused on meeting the needs of the buy-side through innovation, IntelligentCross ATS leverages artificial intelligence to enhance order matching and improve price stability in US equities, helping to minimize market impact and the risk of adverse selection.
IntelligentCross’ new JumpStart technology, available via FactSet’s Portware EMS, allows buy-side traders to directly choose, access, and interact with the liquidity they want with minimal information leakage. Their orders interact in purpose-built hosted environments on IntelligentCross ATS that connect their trading interest with orders being executed through specific agency brokers’ algos. This model preserves confidentiality and prevents information leakage for both parties.
Longtime FactSet client Harris | Oakmark, a leading investment management firm known for its long-term and value-oriented approach to investing, played an important role in providing user insights and testing of this innovative workflow solution during the development process, and Harris | Oakmark’s institutional investment professionals are the debut users of the new offering in full production.
“JumpStart is about solving real trading problems,” said Jason Siegendorf, Senior Director, Head of Trading Analytics at Harris | Oakmark. “This isn't an incremental upgrade—it's a meaningful evolution in the kind of liquidity we can interact with. JumpStart lets us precisely decide how, when, and with whom our orders interact. To us, this is trading as it should be: efficient, deliberate, and fully aligned with our objectives on behalf of our clients and shareholders.”
For more information about FactSet’s Portware EMS, please visit https://www.factset.com/marketplace/catalog/product/portware-factsets-enterprise-trading-solution .
About FactSet
FactSet (NYSE:FDS | NASDAQ:FDS) supercharges financial intelligence, offering enterprise data and information solutions that power our clients to maximize their potential. Our cutting-edge digital platform seamlessly integrates proprietary financial data, client datasets, third-party sources, and flexible technology to deliver tailored solutions across the buy-side, sell-side, wealth management, private equity, and corporate sectors. With over 47 years of expertise, a presence in 20 countries, and extensive multi-asset class coverage, we leverage advanced data connectivity alongside AI and next-generation tools to streamline workflows, drive productivity, and enable smarter, faster decision-making. Serving approximately 9,000 global clients and over 237,000 individual users, FactSet is a member of the S&P 500 dedicated to innovation and long-term client success. Learn more at
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i
IntelligentCross is the #1 U.S. ATS by volume according to FINRA’s Weekly ATS Reports as of 08/18/2025
