FlexTrade Approved by NZX as Independent Software Vendor

FlexTrade has been certified as an approved independent software vendor (ISV) by the NZX, the only registered securities exchange in New Zealand.

The NZX said that FlexTrade’s broker-neutral, multi-asset algorithmic trading systems are now available to members, covering connectivity, risk and stress analysis, compliance, trading strategies, and Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term systems. The exchange said this collaboration provides increased technology choice for firms accessing the New Zealand market, with specific offerings include FlexTrade’s order management solution, FlexOMS.

“FlexTrade’s integration with NZX trading technology supports our strategy to increase access and reduce barriers to entry to the New Zealand market, as we work to encourage greater Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term on our market,” said NZX executive director Benjamin Phillips.

Global investment managers prefer the solution

FlexTrade’s product suite offers access to market data providers while ‎‎easily integrating with any order management system (OMS) via FIX and ‎‎API. Global investment managers prefer the solution since the consolidation of equities, FX, listed options, futures, or any combination is essential on the same platform in order to ensure smooth functioning. The multi-asset execution management system can also be tailored for global access to broker algorithms, as well as the ability to build proprietary algorithms.

FlexTrade has been actively recruiting talent for its business development units. Earlier last year, the company hired Paul Alves as Senior Vice President of Global FX Business Development. Moreover, in an effort to improve its offerings for clients, FlexTrade has partnered with OpenFin to improves the workflow management for buy-side traders using the technology firm’s FlexTRADER and its cloud EMS FlexNOW.

Commenting on the partnership with NZX, Dan Enstedt, FlexTrade VP of the Sydney-based operations covering Australia and New Zealand, said: “It’s an honour to become a certified ISV with NZX. We have worked hard to provide superior technology and customer service to clients. By certifying with the NZX, we can provide valuable services such as direct market access, customised workflows, bespoke algos and improved trade order entry to brokers and traders who wish to trade more efficiently on the exchange.”