Multi-asset execution and OMS specialist FlexTrade Systems has geared up for an expansion of its buy-side trading solutions suite. This includes a stronger focus on the asset management space, culminating in the appointment of Paul Alves as its newest Senior Vice President, Global FX Business Development.

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Mr. Alves is no stranger to the financial services space, including a career spanning over two decades that emphasized sales and business development. His veteran leadership will be instrumental in fostering FlexTrade’s expansion – indeed, a shifting regulatory climate and increased trading and execution requirements have served as an impetus for efficiency demands.

In this respect, FlexTrade will leverage its buy-side trading solutions for asset managers – the cohesive effort will be led by Mr. Alves, who will be based out of FlexTrade’s Boston office. “One size no longer fits all, and asset managers are looking for solutions that support varying degrees of execution automation and workflow customization, while expanding their available execution methods and minimizing risks,” explained Mr. Alves on the new requirements facing both banks and asset managers.

Indeed, “Regulatory requirements, liquidity access and increased efficiency demands are all driving asset managers to evaluate how they execute their FX trades. The need for a FX solution that incorporates all these factors into their trading environment while containing costs is critical,” he added.

With over twenty years of experience under his belt, Mr. Alves constitutes FlexTrade’s first marquee hire of 2018. He joins the group from FX Connect, having worked for over fourteen years in multiple senior management roles. This includes a stint as its Senior Managing Director, Global Head of Trade Services, which operates as FX Connect’s post-trade platform.

Prior to this role, he worked at Moneyline/Telerate as its Vice President of Sales, with a focus on the entire northeast region of the US. Additional roles include an assortment of both management and sales positions include terms at Financial Technologies International and Reuters America Inc., among others.

Vijay Kedia, President and CEO of FlexTrade, commented on the hire: “With the buy side looking to increase their automation processes in aggregation and trading execution, it is a prime time to enhance our FX business leadership. As such, it’s a pleasure to welcome Paul Alves to our FX team. His many years of experience in the FX industry will complement our efforts to expand our solutions and increase our global footprint in FX.”