FlexTrade Acquires Derivix

FlexTrade Systems, announced it has acquired Derivix, a leading options software provider for the equities and derivatives markets. Financial terms of the deal were not disclosed.

The transaction brings to FlexTrade Derivix’s all-in-one options trading solution for pricing, real-time analytics, portfolio Risk Management , and multi-broker electronic execution.

According to Vijay Kedia, President and CEO of FlexTrade, the Derivix platform will be combined with FlexTrade’s FlexOPT Trading Platform to create a best-of-breed superset solution that will not only maintain, but significantly enhance the user experience traders expect from either platform. The entire Derivix team will join the FlexTrade organization.

“With their impeccable reputation in the derivatives market and commitment to broker-neutrality, it was clear Derivix was an ideal fit for us,” said Kedia. “This acquisition will give traders a sophisticated, integrated system that will blend Derivix’s proven capabilities in portfolio risk management, scenario analysis and execution management with FlexTrade’s multi-asset capabilities, including a rich set of APIs, customizable algorithmic trading, dispersion trading, options market making, smart order routing and advanced real-time scanning.”

“We’re very excited about the acquisition,” said Chris Higginson, President of Derivix. “FlexTrade’s resources in technology, infrastructure, expertise and R&D will significantly expand our capabilities for customers. Their comprehensive OMS/EMS platform will not only provide direct access to all US options exchanges, but also give our customers access to more than 100 broker-provided DMA links and algos. All in all it’s a win-win situation for current and future clients.”