Flextrade connects to DGCX
FlexTrade is one of the few tech providers that received DGCX's approved Independent Software Vendor (ISV) credentials and may certainly be the larges of them. Achieving ISV status is a lenghty and a costly process but it typically is worth everyone's while. Metaquotes is doing the same with several exchanges for its Metatrader5 platform which was designed for exchanges in the first place.
Founded in 1996, FlexTrade Systems is the global leader in broker-neutral algorithmic trading platforms 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 common marketing point of emphasis by brokers, whose action execution varies considerably from company to company. When execution prices are not matching the submitted price the client is charged or credited the difference resulting from the negative or positive slippage.Slippage is a very contentious issue among retail traders, which can lead to issues. Many traders view levels of slippage at brokers as a key determinant for their business. Best Execution a Legal ObligationBrokers are required by law to diver to their clients the best execution possible. Some regulators are requiring brokers to submit execution stats in order to assess the quality of their services. Other brokers are regularly posting execution statistics in order to boost the confidence of their clients in the best execution commitment of the company.Best execution has been a point of emphasis in recent years from both retail and institutional players in the FX industry. Negotiating and executing transactions in order to promote a robust, fair, open, liquid and appropriately transparent FX market is identified as one of the six main principles outlined in the FX Global Code of Conduct, which came into effect in 2018. 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 common marketing point of emphasis by brokers, whose action execution varies considerably from company to company. When execution prices are not matching the submitted price the client is charged or credited the difference resulting from the negative or positive slippage.Slippage is a very contentious issue among retail traders, which can lead to issues. Many traders view levels of slippage at brokers as a key determinant for their business. Best Execution a Legal ObligationBrokers are required by law to diver to their clients the best execution possible. Some regulators are requiring brokers to submit execution stats in order to assess the quality of their services. Other brokers are regularly posting execution statistics in order to boost the confidence of their clients in the best execution commitment of the company.Best execution has been a point of emphasis in recent years from both retail and institutional players in the FX industry. Negotiating and executing transactions in order to promote a robust, fair, open, liquid and appropriately transparent FX market is identified as one of the six main principles outlined in the FX Global Code of Conduct, which came into effect in 2018. Read this Term systems for equities, foreign exchange and listed derivatives.
Dubai Gold & Commodities Exchange (DGCX) today announced that FlexTrade Systems, a global leader in broker-neutral multi-asset algorithmic trading systems has become an approved Independent Software Vendor (ISV) on the Exchange.
According to Stephen Gaterell, CEO of the DGCX, having FlexTrade on board as an independent software vendor enhances the Exchange's efforts to offer state-of-the-art technology solutions to its members. "FlexTrade has been a global player in trading technology for some time now and we are very pleased to have them aboard," said Gaterell. "I think our members will find the customizable trading strategies and algorithms available through their options and futures platforms to be of particular interest as well as their risk and stress analysis offering."
"It's a pleasure to join the DGCX as an ISV," said Vijay Kedia, president and CEO of FlexTrade. "We are fully committed to the exchange and its members and believe this partnership will enable both parties to offer the latest in cutting-edge, derivatives trading technology."
FlexTrade's derivatives trading solutions available to DGCX members include:
FlexOPT -- A comprehensive options trading system for buyside and sellside institutions engaged in agency, facilitation and/or proprietary trading. The system provides direct access to all options exchanges, leading broker algorithms, fully customizable algorithms and various options trading strategies, such as dispersion trading, Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders can be successful in both low and high volatile environments, but the strategies employed are often different depending upon volatility. Why Too Much Volatility is a ProblemIn the FX space, lower volatile currency pairs offer less surprises, and are suited to position traders.High volatile pairs are attractive for many day traders, due to quick and strong movements, offering the potential for higher profits, although the risk associated with such volatile pairs are many. Overall, a look at previous volatility tells us how likely price will fluctuate in the future, although it has nothing to do with direction.All a trader can gather from this is the understanding that the probability of a volatile pair to increase or decrease an X amount in a Y period of time, is more than the probability of a non-volatile pair. Another important factor is, volatility can and does change over time, and there can be periods when even highly volatile instruments show signs of flatness, with price not really making headway in either direction. Too little volatility is just as problematic for markets as too much, we uncertainty in excess can create panic and problems of liquidity. This was evident during Black Swan events or other crisis that have historically roiled currency and equity markets. In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders can be successful in both low and high volatile environments, but the strategies employed are often different depending upon volatility. Why Too Much Volatility is a ProblemIn the FX space, lower volatile currency pairs offer less surprises, and are suited to position traders.High volatile pairs are attractive for many day traders, due to quick and strong movements, offering the potential for higher profits, although the risk associated with such volatile pairs are many. Overall, a look at previous volatility tells us how likely price will fluctuate in the future, although it has nothing to do with direction.All a trader can gather from this is the understanding that the probability of a volatile pair to increase or decrease an X amount in a Y period of time, is more than the probability of a non-volatile pair. Another important factor is, volatility can and does change over time, and there can be periods when even highly volatile instruments show signs of flatness, with price not really making headway in either direction. Too little volatility is just as problematic for markets as too much, we uncertainty in excess can create panic and problems of liquidity. This was evident during Black Swan events or other crisis that have historically roiled currency and equity markets. Read this Term trading and cross asset trading for quantitative trading, order management and execution management.
FlexOPT-RM -- A complete real-time risk and stress analysis platform whereby options traders can analyze risk by portfolios, sectors, traders, accounts or any level of aggregation/hierarchy.
FlexOPT-OMM -- A flexible order-driven market making platform for advanced options traders. It provides a comprehensive user interface for configuring an order strategy and a pricing engine that can be fully customized by the trader and loaded into the system as a dynamic module. Positions can be grouped and viewed at various levels, and a robust hierarchy of risk limits ensures that the trader can manage risk in real-time. The risk limits can be specified for position quantities, as well as Greeks such as Delta, Gamma and Vega.
FlexFutures -- A futures trading system built to seamlessly integrate with black boxes and other proprietary or third-party systems. It comes fully integrated with real-time allocations, compliance and broker restrictions, and is pre-loaded with a suite of rules-based trading execution strategies, including enhanced Icebergs and Time Slicing, which can also be used to execute exchange-listed calendar spreads.
FlexTrade is one of the few tech providers that received DGCX's approved Independent Software Vendor (ISV) credentials and may certainly be the larges of them. Achieving ISV status is a lenghty and a costly process but it typically is worth everyone's while. Metaquotes is doing the same with several exchanges for its Metatrader5 platform which was designed for exchanges in the first place.
Founded in 1996, FlexTrade Systems is the global leader in broker-neutral algorithmic trading platforms 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 common marketing point of emphasis by brokers, whose action execution varies considerably from company to company. When execution prices are not matching the submitted price the client is charged or credited the difference resulting from the negative or positive slippage.Slippage is a very contentious issue among retail traders, which can lead to issues. Many traders view levels of slippage at brokers as a key determinant for their business. Best Execution a Legal ObligationBrokers are required by law to diver to their clients the best execution possible. Some regulators are requiring brokers to submit execution stats in order to assess the quality of their services. Other brokers are regularly posting execution statistics in order to boost the confidence of their clients in the best execution commitment of the company.Best execution has been a point of emphasis in recent years from both retail and institutional players in the FX industry. Negotiating and executing transactions in order to promote a robust, fair, open, liquid and appropriately transparent FX market is identified as one of the six main principles outlined in the FX Global Code of Conduct, which came into effect in 2018. 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 common marketing point of emphasis by brokers, whose action execution varies considerably from company to company. When execution prices are not matching the submitted price the client is charged or credited the difference resulting from the negative or positive slippage.Slippage is a very contentious issue among retail traders, which can lead to issues. Many traders view levels of slippage at brokers as a key determinant for their business. Best Execution a Legal ObligationBrokers are required by law to diver to their clients the best execution possible. Some regulators are requiring brokers to submit execution stats in order to assess the quality of their services. Other brokers are regularly posting execution statistics in order to boost the confidence of their clients in the best execution commitment of the company.Best execution has been a point of emphasis in recent years from both retail and institutional players in the FX industry. Negotiating and executing transactions in order to promote a robust, fair, open, liquid and appropriately transparent FX market is identified as one of the six main principles outlined in the FX Global Code of Conduct, which came into effect in 2018. Read this Term systems for equities, foreign exchange and listed derivatives.
Dubai Gold & Commodities Exchange (DGCX) today announced that FlexTrade Systems, a global leader in broker-neutral multi-asset algorithmic trading systems has become an approved Independent Software Vendor (ISV) on the Exchange.
According to Stephen Gaterell, CEO of the DGCX, having FlexTrade on board as an independent software vendor enhances the Exchange's efforts to offer state-of-the-art technology solutions to its members. "FlexTrade has been a global player in trading technology for some time now and we are very pleased to have them aboard," said Gaterell. "I think our members will find the customizable trading strategies and algorithms available through their options and futures platforms to be of particular interest as well as their risk and stress analysis offering."
"It's a pleasure to join the DGCX as an ISV," said Vijay Kedia, president and CEO of FlexTrade. "We are fully committed to the exchange and its members and believe this partnership will enable both parties to offer the latest in cutting-edge, derivatives trading technology."
FlexTrade's derivatives trading solutions available to DGCX members include:
FlexOPT -- A comprehensive options trading system for buyside and sellside institutions engaged in agency, facilitation and/or proprietary trading. The system provides direct access to all options exchanges, leading broker algorithms, fully customizable algorithms and various options trading strategies, such as dispersion trading, Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders can be successful in both low and high volatile environments, but the strategies employed are often different depending upon volatility. Why Too Much Volatility is a ProblemIn the FX space, lower volatile currency pairs offer less surprises, and are suited to position traders.High volatile pairs are attractive for many day traders, due to quick and strong movements, offering the potential for higher profits, although the risk associated with such volatile pairs are many. Overall, a look at previous volatility tells us how likely price will fluctuate in the future, although it has nothing to do with direction.All a trader can gather from this is the understanding that the probability of a volatile pair to increase or decrease an X amount in a Y period of time, is more than the probability of a non-volatile pair. Another important factor is, volatility can and does change over time, and there can be periods when even highly volatile instruments show signs of flatness, with price not really making headway in either direction. Too little volatility is just as problematic for markets as too much, we uncertainty in excess can create panic and problems of liquidity. This was evident during Black Swan events or other crisis that have historically roiled currency and equity markets. In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders can be successful in both low and high volatile environments, but the strategies employed are often different depending upon volatility. Why Too Much Volatility is a ProblemIn the FX space, lower volatile currency pairs offer less surprises, and are suited to position traders.High volatile pairs are attractive for many day traders, due to quick and strong movements, offering the potential for higher profits, although the risk associated with such volatile pairs are many. Overall, a look at previous volatility tells us how likely price will fluctuate in the future, although it has nothing to do with direction.All a trader can gather from this is the understanding that the probability of a volatile pair to increase or decrease an X amount in a Y period of time, is more than the probability of a non-volatile pair. Another important factor is, volatility can and does change over time, and there can be periods when even highly volatile instruments show signs of flatness, with price not really making headway in either direction. Too little volatility is just as problematic for markets as too much, we uncertainty in excess can create panic and problems of liquidity. This was evident during Black Swan events or other crisis that have historically roiled currency and equity markets. Read this Term trading and cross asset trading for quantitative trading, order management and execution management.
FlexOPT-RM -- A complete real-time risk and stress analysis platform whereby options traders can analyze risk by portfolios, sectors, traders, accounts or any level of aggregation/hierarchy.
FlexOPT-OMM -- A flexible order-driven market making platform for advanced options traders. It provides a comprehensive user interface for configuring an order strategy and a pricing engine that can be fully customized by the trader and loaded into the system as a dynamic module. Positions can be grouped and viewed at various levels, and a robust hierarchy of risk limits ensures that the trader can manage risk in real-time. The risk limits can be specified for position quantities, as well as Greeks such as Delta, Gamma and Vega.
FlexFutures -- A futures trading system built to seamlessly integrate with black boxes and other proprietary or third-party systems. It comes fully integrated with real-time allocations, compliance and broker restrictions, and is pre-loaded with a suite of rules-based trading execution strategies, including enhanced Icebergs and Time Slicing, which can also be used to execute exchange-listed calendar spreads.