Broker-neutral technology provider FlexTrade Systems has today announced that it has completed a full integration with OTC Link LLC,which is a wholly-owned subsidiary of US provider of issuer services, trading and market data services OTC Markets Group.
The integration aims to support trading and market making on OTC Link’s US –based alternative trading system, OTC Link ATS.
The new functionality integrates OTC Link ATS capabilities into existing broker-dealer workflows for clients using FlexTrade’s sell-side OMS products.
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“We now provide OTC Link’s broker-dealer subscribers with integrated workflows that will improve their ability to manage trading in OTCQX, OTCQB and OTC Pink securities,” stated Vijay Kedia, president and CEO of FlexTrade.
“Our objective is to address trading needs that are not widely available in the market place.”
The resultant new system is available in both of FlexTrade’s sell-side OMS products, ColorPalette and FlexOMS. To access the product, customers need to be OTC Link ATS subscribers as the system uses OTC Link’s OTC Dealer IDs for trading access.
Greg Ludvik, Director of ColorPalette OMS made a statement on behalf of his company relating to the integration that”FlexTrade is excited about the opportunity to work with OTC Link ATS’ subscriber market making firms around a new offering.”
“We believe there is a market need for new alternatives to existing third-party solutions” concluded Mr. Ludvik.