FactSet’s Portware and Jefferies First to Launch IntelligentCross JumpStart, Linking Buy-Side EMS and U.S.’ Top ATS by Volumeⁱ

Rhea-AI Summary

FactSet (NYSE:FDS) has announced the integration of IntelligentCross' JumpStart functionality into its Portware execution management system (EMS), becoming the first to offer direct buy-side integration. Through collaboration with Jefferies and IntelligentCross (the leading U.S. equities ATS by volume), this integration enables institutional traders to directly access Jefferies' algorithmic liquidity.

The new functionality, developed with input from Harris | Oakmark, leverages artificial intelligence to enhance order matching and improve price stability in US equities. The system aims to minimize market impact and adverse selection risk while preventing information leakage through purpose-built hosted environments.

Positive

• First-mover advantage in offering direct buy-side integration with IntelligentCross JumpStart
• Partnership with leading firms including Jefferies and top U.S. equities ATS
• Enhanced trading capabilities with AI-powered order matching and improved price stability
• Reduced information leakage and market impact risks for institutional traders

Negative

• None.

News Market Reaction

-0.80%

1 alert

-0.80% News Effect

On the day this news was published, FDS declined 0.80%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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 volumeⁱ—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 www.factset.com and follow us on X and LinkedIn.

FactSet
Investor Relations:
Kevin Toomey
+1.212.209.5259
Kevin.toomey@factset.com

Media Relations:
Kelsey Goldsmith
+1.207.712.9726
Kelsey.Goldsmith@factset.com

________________________
ⁱ IntelligentCross is the #1 U.S. ATS by volume according to FINRA’s Weekly ATS Reports as of 08/18/2025

FAQ

What is the new JumpStart functionality that FactSet integrated into Portware EMS?

JumpStart is a technology that allows buy-side traders to directly access and interact with Jefferies' algorithmic liquidity through IntelligentCross ATS, featuring AI-enhanced order matching and improved price stability with minimal information leakage.

How does FactSet's Portware EMS integration with IntelligentCross benefit traders?

The integration enables institutional traders to directly choose and access liquidity with minimal information leakage, interact with specific agency brokers' algorithms, and benefit from AI-enhanced order matching and improved price stability.

Who are the key partners in FactSet's JumpStart integration?

The key partners are Jefferies (providing algorithmic liquidity), IntelligentCross (the top U.S. equities ATS by volume), and Harris | Oakmark (providing user insights and testing).

What makes IntelligentCross JumpStart different from traditional trading solutions?

JumpStart uses AI for order matching, provides direct buy-side access to broker liquidity, operates in purpose-built hosted environments, and maintains confidentiality while preventing information leakage for all parties.

When did FactSet launch the IntelligentCross JumpStart integration?

FactSet announced the general availability of IntelligentCross JumpStart functionality within Portware EMS on September 25, 2025.