Financial technology provider has announced that Abu Dhabi based ADS Securities has selected its white label FX trading solutions. In the deal, FlexTrade will provide a branded version of its MaxxTrader FX product to ADS Securities to provide to their customers. ADS will be deploying it to institutuinal clients under the Orex name and it will be aimed at HFT traders. For FlexTrade, this follows another deal in the Middle East market in September.
ADS Securities Selects FlexTrade for Global FX Enterprise Trading Solution
Abu Dhabi-Based Firm Deploys New ‘Orex’ Platform to Offer Lower-Latency Service for High-Frequency, High Volume Traders
FlexTrade Systems, Inc., an international leader in multi-asset execution and order management systems, today announced Abu Dhabi-based ADS Securities has globally deployed its white label and enterprise FX trading solutions as a comprehensive package called Orex, which includes MaxxTrader, a complete turnkey ASP white label front-end system, and FlexFX, the company’s award winning foreign exchange software solution for trading and risk management.
Designed to offer lower latency trading services to high-frequency and high volume traders, Orex accommodates a range of tickets sizes while providing ADS clients with access to multiple sources of premium foreign exchange liquidity.
New Cashback Program in FBS TraderGo to article >>
Marc Aspinall, Head of Global Sales, at ADS Securities, commented: “We have been looking for a robust, scalable platform that will offer our institutional ‘Optim’ clients the functionality they require in a low latency environment. We believe that Orex is an impressive solution and when it is linked into the mix of liquidity we have available it is a very compelling offer. Orex will be available to all clients across Europe, North America and Asia as well as the Middle East. The addition of the FlexTrade servers to our own main market sever network will ensure the low latency which is now a pre-requisite for all institutional FX trading.”
According to Vijay Kedia, president and CEO of FlexTrade, using MaxxTrader and FlexFX as a comprehensive solution will enable ADS Securities and their clients to successfully facilitate and navigate trading in the currency markets. “The platform allows ADS to provide aggregated liquidity on a worldwide scale for trading spot, precious metals, forwards, and NDFs in a stream via RFS and RFQs,” he said. “Their orders will be able to trade directly from client to client, directly from the trading desk, or back-to-back with the liquidity providers. Additionally, ADS will also have access to state-of-the-art risk management tools, integrated bank and custom algos, margin control, routing rules, credit limits and dynamic spreading.”
About ADS Securities
ADSS is strategically located in Abu Dhabi between Far Eastern and Western financial markets. Since the platform launched in March 2011, it has carried multi-billion dollar daily trading volumes driven by burgeoning regional demand and moves into new markets. For more information visit http://www.ads-securities.ae/
About FlexTrade Systems, Inc.
Founded in 1996, FlexTrade Systems Inc. is the industry pioneer in broker-neutral algorithmic trading platforms for equities, foreign exchange and listed derivatives. With offices in North America, Europe and Asia, FlexTrade has a worldwide client base spanning more than 175 buy- and sell-side firms, including many of the largest investment banks, hedge funds, asset managers, commodity trading advisors and institutional brokers. For more information, visit FlexTrade Systems at www.flextrade.com or follow news of the company on Twitter at www.twitter.com/flextrade or LinkedIn athttp://www.linkedin.com/company/flextrade?trk=top_nav_home.