FlexTrade Connects With Bahrain Financial Exchange

The Bahrain Financial Exchange (BFX), the first international financial exchange in the Middle East and North Africa (MENA) region, announced today it has signed an agreement with FlexTrade Systems, Inc. to operate as an Independent Software Vendor (ISV) of the BFX.

Under this agreement, FlexTrade Systems is authorised to provide sophisticated trading front-end technology via its FlexTRADER EMS to the members of the BFX. FlexTRADER is a multi-asset trading solution with pre-defined strategies and tactics for both portfolio and single stock trading. The platform provides organically developed real-time and post-trade Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term (FlexTQM), predictive analytics (FlexEdge) as well as risk and cost optimised portfolio trade scheduling (FlexPTS); advanced integrations with major OMSs; integrated real-time allocations and cash management; smart order routing; a fully integrated high performance Complex Event Processing (CEP) engine; commission management; complete transaction and IOI quality management, a dynamic strategy matrix.

Commenting on the occasion, Mr. Arshad Khan, Managing Director and Chief Executive Officer of the BFX and the BFX Clearing and Depository Corporation (BCDC), said: “We are pleased to collaborate with FlexTrade Systems. Our aim is to expand our services through state-of-the-art trading platforms that match the Exchange’s integrated packages of trading solutions. Our association with FlexTrade Systems will take the BFX markets to the large number of global dealers trading on the international markets using the FlexTrade platform. We welcome FlexTrade Systems to join our well established seamless Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term.”

"Electronic trading is gaining a solid foothold in the Middle East through the Bahrain Financial Exchange," said Manish Kedia, Managing Director of FlexTrade Systems Pte. Ltd. in Singapore "We’re honoured to be a part of their expansion as an ISV, and are fully committed to providing the Exchange and its members with the latest in cutting-edge trading technology functionality."

The BFX presently offers four additional connectivity systems, which include FFastFill, RTS Realtime Systems, Automated Trading Technologies and ODIN since the launch of its derivatives’ division in November 2011.