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Articles tagged by FlexTrade

FlexTrade Opens in Sydney Execution management system provider FlexTrade has opened an office in Sydney and named Dan Enstedt as vice president, business development for Australia and New Zealand. The firm says that the proposed increases in superannuation contributions will lead to an increase ...
FlexTrade Promises Brexit Certainty with New Frankfurt Office FlexTrade Systems opened an office in Frankfurt, Germany, in order to offer local sales and service to the company’s growing German-speaking client base. The new office will be in the same building as the Frankfurt stock exchange.  “The initial ...
MiFID II: The Business Benefits of Compliance There’s a wave of change sweeping across non-equity markets driven by regulatory initiatives and the rise of non-bank liquidity providers. Other factors driving buy-side adoption of Transaction Cost Analysis (TCA) in FX are the need to generate alpha on investment returns, and regulatory scrutiny
 of trading practices in over-the-counter (OTC) instruments. TCA is a broad term which doesn’t describe the actual analysis to be carried out. Asset managers who rely on custodian banks to execute currency trades have a compliance obligation to analyze these FX trading costs. By monitoring fill rates, TCA tools can help traders determine if ‘last look’ is occurring, and then decide whether or not to shift their trades to other venues.
Dalton Street Selects FlexTrade Sydney-based Dalton Street Capital, in partnership with Prodigy Investment Partners, has deployed the FlexTrader execution management system to facilitate global cross asset trading of futures, equities and FX.
The FoXy’s: Profit & Loss Readers’ Choice Awards Profit & Loss readers cast large numbers of votes this year for their preferred market makers and service providers. Last year was the first that we changed the category description from banks to market makers to account for the larger proportion of non-banks that now comprise an important part of market making, and this is again reflected in the results. The industry’s changing dynamics are starting to show. Voting, which spanned across time zones, was close in many categories, so we have listed the top three for each category to acknowledge the runners up.
FlexTrade Integrates Dataminr FlexTrade has announced the integration of Dataminr’s global macro news feed into the FlexTrader EMS. Within the trader's Dataminr account, customised watchlists can be created ensuring that only the most relevant and directly impactful breaking news is delivered. For example, the firm says, within a financial markets search, traders can choose to select alerts based on sub-categories including foreign exchange and fixed income. Watchlists may be created based on assorted criteria, which can include company name, topics (finance, global awareness, general news etc.) and/or industry sectors (banking and finance, insurance, media etc.) to name a few, according to the firm.
CMC Markets Integrates with FlexTrade CFD broker CMC Markets has announced the completion of an integration with FlexTrade Systems to enable the wider dissemination of its proprietary CFD liquidity. The firm says that while dissemination of foreign exchange liquidity is “a rapidly expanding market, as seen with the growth of so-called ‘prime-of-prime’ services”, few counterparties are currently offering anything similar when it comes to CFDs. CMC Markets says that while its CFDs aren’t available as a default to all FlexTrade clients, those liquidity takers who are interested in trading the company’s 85 indices, commodities and treasuries CFDs can now request to have access.
Wolf Joins FlexTrade FlexTrade has announced the appointment of Bruce Wolf as its head of FX business development. Based in the company’s headquarters in New York, the firm says Wolf will manage sales and business development for FlexTrade’s FX trading solutions for both the buy side and sell side markets. Prior to EBS, Wolf worked at Integral Development as managing director, head of Americas, before that he served as a director, FX banks sales desk head, for Citi in Zurich, New York and London.
FlexTrade Enhances EMS

in News, Technology

FlexTrade Enhances EMS

Flextrade has rolled out an enhanced version of its multi-Order Management Systems aggregation functionality, an in-built feature of the FlexTrader EMS, which allows users to merge and net orders across multiple OMS regardless of the underlying version or implementation. Along with the ability to dynamically merge orders within and across OMS, FlexTrader provides configurable allocation logic with several out-of-the-box rules, including LIFO, FIFO, pro-rata and optimal average pricing. It can also be configured per-market and per asset class, based on any order attribute in the system, the firm says.
Bauer Joins FlexTrade FlexTrade has announced the hire of Manuela Bauer as the firm's new director, multi-asset sales. The firm says Bauer will be responsible for further strengthening its capabilities in multi asset class sales including growing FlexTrade’s recently launched fixed income EMS in Europe. Based in London, she reports to Andy Mahoney, head of sales for EMEA, and joins from MTS, the London Stock Exchange Group’s e-fixed income trading platform. At MTS Bauer was responsible for buy side sales in Germany and the Nordics.
FlexTrade Connects to BestX FlexTrade has announced it has integrated with BestX to provide its FlexTrader EMS clients with access to the latter’s FX trade analytics solution. With a fully interactive interface, users can use BestX to analyse their FX executions in real-time, delivering transparency to enable better decision making whilst meeting the needs of MiFID II compliance for FX trading, the firms say. Every FX trade made within FlexTrader can be transferred live to BestX where users can analyse their performance in real-time.
FlexTrade Hires Alves

in News, People

FlexTrade Hires Alves

FlexTrade Systems has appointed Paul Alves as senior vice president, global FX business development, with a focus on expanding the company’s buy side trading solutions to asset managers. According to Alves, automation efficiency, execution flexibility and cost conciseness for both the asset manager and their bank partners, are key areas in which the buy side is now focused. “One size no longer fits all, and asset managers are looking for solutions that support varying degrees of execution automation and workflow customisation, while expanding their available execution methods and minimising risks. Regulatory requirements, liquidity access and increased efficiency demands are all driving asset managers to evaluate how they execute their FX trades. The need for an FX solution that incorporates all these factors into their trading environment while containing costs is critical,” says Alves.
FlexTrade Hires Thomas

in News, People

FlexTrade Hires Thomas

FlexTrade Systems has appointed Paul Thomas as vice president, FX business development for both the buy side and sell side markets in the Americas. “With the FX buy side community looking to increase its aggregation and trading execution, FlexTrade is perfectly positioned to help them achieve these goals,” says Thomas. Based in FlexTrade’s New York office, Thomas comes to the company having spent more than 20 years handling FX sales and trading for an array of industry players. Most recently, he served as manager of New York FX sales for ED&F Man Group Capital Markets, where he provided dealing and market advisory services to a portfolio of hedge fund and institutional clients.
FlexTrade Unveils FlexNow FlexTrade has announced the release of FlexNow, a solution the firm describes as an out-of-the-box, broker neutral execution management system (EMS) to address the needs of hedge funds and mini-primes who require a streamlined, multi-asset trading system. The firm says the new EMS is designed to handle trading for equities, futures and options and is MiFID II compliant. It provides connectivity to market data providers; integrates with any order management system (OMS) via FIX and API; and comes with its own built-in transaction cost analysis functionality.
Wolf Leaves FlexTrade

in News, People

Wolf Leaves FlexTrade

Bruce Wolf has left his role as head of FX business development at FlexTrade. Based in the company’s headquarters in New York, Wolf was responsible for managing sales and business development for FlexTrade’s FX trading solutions for both the buy side and sell side markets. Prior to joining FlexTrade last year, Wolf spent over four years as global head of banks and brokers sales at EBS. Before joining EBS in 2013, Wolf worked at Integral Development as managing director, head of Americas, for over two years.
FlexTrade Launches New Back-Testing Framework FlexTrade has launched a new back-testing framework designed to gauge and adjust the performance of past trading strategies for real-time use in trading equities, FX and futures. “Just because a trading strategy worked successfully in the past, doesn’t mean it will show the same results in the present,” says Vijay Kedia, president and CEO. “There are countless variables – old and new – that could impact performance in unanticipated ways. That’s why using an advanced back-testing framework can make all the difference in running a winning strategy.”